321 37th St ,Residential, Bay Vista Park for Sale & Rent

321 37th St for Sale & Rent

Price $700,000.00

• Lot size 5750
• Year Build
• Waterfront
• Zip 33127
• Style
• Parking Description
• Pool Yes
• Status Active

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.

$700K FIRM!!! NO survey avail. Vacant Lot. Drive-By Call, Text or Email LA w/questions. Lease, income & exp in Remarks is obtained from reliable sources but not guaranteed. Other docs avail to the Estate or their attorneys are available to buyer(s) or agent(s) with written request and a signed NDA. SOLD ?AS-IS? all cash to Seller. Buyer(s) to do their due diligence.

BAY VISTA PK PB 5-47 LOT 22 BLK 44 & 15FT OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5750 SQ FT M/L

City Location, Inside Lot, Near Seaport, Urban Area Development, Less Than 1 Acre, Other Lot Description, Regular Lot, Cleared Land, No Bldg Included

$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.

City:Miami,Sewer:1:Public Sanitation,Zoning:6100,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.8112193,List Price:700000,Listing Id:A11745602,Longitude:-80.2019885,Mls Status:Active,Ownership:Other Ownership,Utilities:1:Other Utilities Available,2:Electricity Available,3:Other,Current Use:1:Unimproved Hotel/Motel,2:Unimproved Multi Family (5+Units),Directions:NW 36th St. to NW 3rd Ave. Go north to NW 37 St turn West to property on north side of the street. Look for Sign,Possession:1:Rental Agreement,Postal Code:33127,Street Name:37th St,Vegetation:1:Grass/Pasture,2:Other Ground Cover,Coordinates:1:25.8112193,Gross Income:41231,Lot Features:1:Inside Lot,2:Near Seaport,3:Urban Area Development,4:Less Than 1 Acre,5:Other Lot Description,6:Regular Lot,7:Cleared Land,8:No Bldg Included,Photos Count:49,Possible Use:1:Transition,2:Urban Commercial,Water Source:1:Other,Building Name:Bay Vista Park,Days On Market:36,Listing Terms:1:Conventional,2:Cryptocurrency,Lot Size Acres:0.132,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Bay Vista Park,On Market Date:2025-02-12,Parcel Number:01-31-24-002-1350,Property Type:Commercial Land,Street Number:321,County Or Parish:Miami-Dade County,Documents Count:1,Frontage Length:50,List Office Name:The Keyes Company,Private Remarks:$700K FIRM!!! NO survey avail. Vacant Lot. Drive-By Call, Text or Email LA w/questions. Lease, income & exp in Remarks is obtained from reliable sources but not guaranteed. Other docs avail to the Estate or their attorneys are available to buyer(s) or agent(s) with written request and a signed NDA. SOLD ?AS-IS? all cash to Seller. Buyer(s) to do their due diligence.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,New Taxes Expense:10715,Postal Code Plus4:3139,Property Sub Type:Residential,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:Bay Vista Park,Tax Annual Amount:10715,Unparsed Address:321 NW 37th St, Miami FL 33127,Building Features:1:Heavy Traffic,Listing Agreement:Exclusive Right To Sell,Operating Expense:10715,Road Frontage Type:1:City/County Maintained,2:Public Road,Building Area Units:Square Feet,Lot Size Dimensions:50x115,Lot Size Square Feet:5750,M I A M I R E_ L P Amt Sq Ft:121.7391,Original List Price:725000,Previous List Price:725000,Public Survey Range:31,I D X Participation Y N:1,Net Operating Income:30516,Financial Data Source:1:Owner Provided,Listing Contract Date:2025-02-12,Originating System I D:miamire,Public Survey Section:24,Showing Instructions:Go Directly,Other Showing Instruction,See Broker Remarks,Street Number Numeric:321,Tax Legal Description:BAY VISTA PK PB 5-47 LOT 22 BLK 44 & 15FT OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5750 SQ FT M/L,Gross Scheduled Income:41231,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:$700K FIRM!!! Mixed-Use Comm-Res-Hotel/Motel 1 Blk N of 36 St. Zoned T68-O Wynwood Norte Revitalization District. Incl Hwy Billboard Rent. Sold AS-IS,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2025-02-12,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,