321 NW 37th St, Miami, 33127
Listing UP for Sale
321 NW 37th St, Miami, 33127
Overview
- Property Type
- Residential
- 5750
- Lot sqft
Description
NEW PRICE $725K! Attn Developers, Archs, Bldrs etc. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Des Dist DT & Midtown. Build up to 6 story Mixed Use Comm/Resi bldg, maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx 4,600 SF. less Lessor created easement for BB Co to operate. BB in NE cor. w/min setbacks, faces I-195 & SR-112. Buyer(s) assume 99-yr Grd Lease @ close. Rent = 18% of BB revenue, Lessee pays ST, utils, $2M prop & liab policy, Lessor is a co-insured. Lessor pays RE Tax. 2023 & 2024 NOI aver $26,182.24 = 3.61% ROI Cash on Cash @ $725K (no leverage). Valu is the lot. The BB revenue is a bonus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Make your highest & best offer(s) now. Call w/questions
Address
Open on Google Maps- Address 321 NW 37th St
- City Miami
- State/county Florida
- Zip/Postal Code 33127
- Area Miami-dade County
Details
Updated on March 1, 2025 at 7:12 am- Property ID: A11745937
- Price: $725,000
- Land Area: 5750 sqft
- Property Type: Residential
- Property Status: Listing UP for Sale
Listing Agent Contact Information
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