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321 NW 37th St Miami FL 33127 MLS #A11745602

321 NW 37th St
Miami, FL, 33127
$700,000
Beds
0 Bathrooms
0 SqFt
0.13 Acres
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$700,000
321 NW 37th St
Miami, FL, 33127
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Project Description

The property may go to auction soon. If you’re interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr & Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm/Resi maybe more w/entitlements. Density 150 units/ac. Lot coverage footprint approx. 4,600 SF. There is ingress & egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. remaining. Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence.

Financial

Net Operating Income
$30,516
Tax Year
2024
Taxes
$10,715

Investment results for buyers and agents

Property Details

Price:
$700,000
MLS #:
A11745602
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Residential
Subdivision:
Bay Vista Park
Neighborhood:
Bay Vista Park
Listed Date:
Feb 12, 2025
Lot Size:
5,750 sqft / 0.13 acres (approx)
Bay Vista ParkBay Vista ParkBay Vista ParkUnimproved Business/commercial,unimproved Hotel/motel,unimproved Multi Family (5+units)

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321 NW 37th St
Miami, FL