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    3490 NW 32Nd Ave Miami, FL 33142

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    For Sale
    $2,850,000

    Mixed-use property near NW 36th Street with income and development potential.

    Lot size:
    0.32 Acres

    Property Features for 3490 NW 32Nd Ave

    General Information

    Lot size
    0.32 Acres

    Building Details

    Year built
    1945

    Source: Lifestyle International Realty Agent Johanna Meneses

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Mixed-Use Property with Development Potential

    This mixed-use property is located blocks away from Miami's vibrant NW 36th Street corridor. It includes a duplex, two apartments, a parking storage lot, and a commercial space currently operating as a nightclub restaurant. The entire property is leased on a month-to-month basis with long-term tenants, generating an estimated gross income of $232,000 per year. The BU-1A zoning allows for construction of up to four stories and offers a wide range of property uses. This property offers potential for increased rents and significant future development.
    Insight Report Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2486
    Latitude
    25.807629

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    FAQs

    What type of property is this?
    Mixed-use property - Mixed-use property near NW 36th Street with income and development potential.
    Where is this mixed-use property located?
    The property is located at 3490 NW 32Nd Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - High Gross Annual Income: $232,000; - Mixed-Use Property featuring a Duplex, Apartments, Parking/Storage, and Commercial Space; - Development Potential: BU-1A zoning allows up to four stories
    (407) 247-7773
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    3490 NW 32Nd Ave Miami, FL 33142
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    Miami, FL 33142
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3490 NW 32Nd Ave Miami, FL 33142
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