321 NW 37Th St Miami, FL 33127
Property Features for 321 NW 37Th St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.13 Acres
Source:
Elliman
Listing Agent: Steve Epstein
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Wynwood Development Opportunity with Income
This 5750 square foot lot, zoned T68-O with a density of 150 units per acre, presents a development opportunity for architects, builders, and investors. The property allows for the construction of up to a 6-story mixed-use building suitable for office, commercial, or residential micro-units, or a motel. Located in Wynwood Norte RDD2, the site is one block north of NW 36th Street off NW 3rd Avenue. The location is near the Design District, Midtown, the Civic Center, hospitals, Downtown, the Port of Miami, and Miami International Airport. A long-term billboard lease provides ongoing income with no vacancy. The billboard lessee covers property, liability, and workman’s compensation insurance, as well as utilities and ground maintenance. The lessor is named as a co-insured and is responsible for real estate taxes. The value is in developing the lot, with the billboard revenue providing additional cash flow. The property is being sold as-is, and buyers are responsible for conducting their own due diligence. The billboard is owned and operated by a third party who holds the permit.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.20197
- Latitude
- 25.811211
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Mixed-use development site with existing billboard income.
Where is this commercial land located?
The property is located at 321 NW 37Th St Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: - Zoned T68-O: **High-density development potential, up to 150 units/acre, 6-story mixed-use building possible.**; - Prime Wynwood Norte location: 5750 SF lot, near Design District & Midtown.; - Existing income stream: Long-term billboard lease provides immediate cash flow.
