321 NW 37th St, Miami FL, 33127

Active

321 NW 37th St

Miami FL, 33127

$725,000

$126.09 per sqft

Active

0.13 Acres

Land

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

A11745602

MLSⓇ ID

February 12, 2025

Listed

March 11, 2025

Updated

Exterior/Building Features

Lot Size: 0.13 Acres
Lot Features: City Location, Inside Lot, Near Seaport, Urban Area Development, Less Than 1 Acre, Other Lot Description, Regular Lot, Cleared Land, No Bldg Included
Sewer: Other, Public Sanitation

Other Property Details

Area Name: Bay Vista Park
Taxes: $9,456
Tax Frequency: Annually
Days on Market: 15
Garage: No
View: No
County: Miami-Dade County
Water Source: Municipal Water, Other
Utilities: Electricity Connected, Other Utilities Available, Electricity Available, Other
Zoning: 6100

Listed by: The Keyes Company
Listing Contact: 305-546-5132

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 11:10 PM UTC, 3/11/2025.