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Commercial Land with Billboard Lease
For Sale
$600,000

321 NW 37 Street, Miami, FL 33127

COMMERCIAL - Other - Miami, FL

Property SizeContact for details
Lot Size0.13 Acres
Days on Market731

Property Features for 321 NW 37 Street

General Information

Property type Commercial Sale
Property subtype Other
Zoning description T68-O
Directions From NW 36th Street, NW 3rd Ave to NW 37 St West to Property or NW 5th to NW 37 St East to Property on north side of street backing the highway.
Subdivision OA01 - Out of Area
Standard status Active
APN 01-3124-002-1350
Lot size 0.13 Acres

Taxes and HOA fees

Tax Year 2024
Tax 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
Tax Annual Amount 10715
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

Building Details

Year built 2016
Floors in Building 3
Architectural style Other
Listing Agency: The Keyes Company
Listed By: Steve Epstein · License #277000842
Added: Aug 7, 2024 Changed: Aug 4 Last Checked: Aug 7 at 1:06PM
MLS# 224065317

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This commercial land parcel at 321 NW 37 Street is situated in Miami’s Wynwood Norte area and carries T68-O zoning within the RDD2 district. The stated development parameters allow buildings of up to 6 stories, mixed-use office and residential micro-unit concepts, motel uses, and density of 150 units per acre, subject to buyer verification and applicable approvals.

The site includes an operating billboard under a long-term lease, with the billboard owned and managed by a third party holding the permit. The lease structure provides billboard operator access and egress, while the tenant covers $2M in property, liability, and workers’ compensation coverage, utilities, and maintenance for the pole area. The lessor is named as a co-insured party and covers real estate taxes. The property is offered as-is, with buyer due diligence required.

Key Highlights

  • T68‑O zoning in the RDD2 district
  • Development parameters described as up to 6 stories and 150 units per acre
  • Mixed‑use office, residential micro‑unit, and motel concepts identified in the remarks

Property Analytics

Current Use

Commercial land

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Mobile Phone Store Butcher Buffet Adult Day Care Restaurant

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Paved road access

Location Intelligence

Trade Area within ½ mile

4,804
Businesses Nearby

Demographics for 33127, FL

27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Rey
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Commercial land - T68-O zoning is described as supporting mixed-use development and a continuing billboard lease.
Where is this commercial land located?
The property is located at 321 NW 37 Street Miami, FL.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: T68‑O zoning in the RDD2 district; Development parameters described as up to 6 stories and 150 units per acre; Mixed‑use office, residential micro‑unit, and motel concepts identified in the remarks
More about this property
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