321 NW 37th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Vacant Land
Sub Type Residential
Listing Status Active
Purchase Type For Sale
Subdivision Bay Vista Park
MLS Listing ID A11745937
Annual Tax Amount $10,715
Tax Year 2024
Lot Size 5,749 Sqft
Property Sub-Type Residential
Property Description
$700K FIRM!!! Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Design District Midtown & Downtown. 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 in NE cor. w/min setbacks. BB faces I-195 & SR-112. Buyer(s) assumes 99-yr Grd Lease @ closing. Rent = 18% BB revenue sharing, Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. In 2024 NOI $30,516 shows 4.36% Return on Investment (ROI) Cash on Cash $700K (no leverage). Valu is the lot. The BB revenue is a plus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Call now w/questions.
Location
State FL
County Miami-dade
Community Bay Vista Park
Area 31
Exterior
Utilities Available Electricity Available
Building
Lot Description Other,Rectangular Lot,< 1/4 Acre
Sewer Public Sewer,Other
Water Public,Other
Others
Acceptable Financing Cash,Conventional,Cryptocurrency,Other
Listing Terms Cash,Conventional,Cryptocurrency,Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11745937