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Legal Description: -
Listed on:Feb 22, 2023
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Occupancy:n/a
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Taxes:$12,692 per year
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Floor Description:---
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Year Built: -
Zoning:---
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Days on Market:92
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Parking:Yes
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Tax Year:2022
321 NW 37th St, Miami FL 33127
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 âAS-ISâ cash to Seller, buyer(s) do own due diligence. Make your highest & best offer(s) now. Call w/questions
Miami Residence will connect you with an agent in a short time.
FOR SALE DETAILS
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SqFt Total
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Terms ConsideredAll Cash
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