Commercial Land with Rented
433 NE 37th St Miami, FL 33137
For Sale
$4,700,000
Pending
Commercial land site with two income-producing buildings and all units occupied by long-term tenants.
Property Size9,946 SF
Lot Size0.30 Acres
Days on Market114
Property Features for 433 NE 37th St
General Information
- Standard status
- Pending
- Size
- 9,946 SF
- Lot size
- 0.30 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1947
Listing Agency:
MODERN WORLD REALTY
Listed By:
DIEGO RAMOS · License #A11994018
Source:
Corcoran
Added: Apr 2
Changed: Jul 22
Last Checked: Jul 24 at 5:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of MODERN WORLD REALTY
Investment Insights
Based on property information with market context.
This commercial land offering includes land area of 13,112 SF and two buildings totaling 9,946 SF, with all units currently rented to long-term tenants. The property generates approximately $20,000 in gross monthly rents, and the remarks indicate rents are below market. Owner financing is available.
The site is described as located at the intersection between Midtown, The Design District, and the Upper East Side, within Edgewater/Midtown where the area has seen increased residential and mixed-use development. The property is zoned T5-R, with the possibility of zoning change to T8-O.
Additional development pathways referenced in the remarks include Workforce Affordable, which may involve developer perks, and potential qualification under Florida’s Live Local Act for increased density and height, along with reduced parking requirements and expedited approvals. The Brightline station coming soon to Biscayne near NE 38th St is also noted as adding transit value.
The site is described as located at the intersection between Midtown, The Design District, and the Upper East Side, within Edgewater/Midtown where the area has seen increased residential and mixed-use development. The property is zoned T5-R, with the possibility of zoning change to T8-O.
Additional development pathways referenced in the remarks include Workforce Affordable, which may involve developer perks, and potential qualification under Florida’s Live Local Act for increased density and height, along with reduced parking requirements and expedited approvals. The Brightline station coming soon to Biscayne near NE 38th St is also noted as adding transit value.
Key Highlights
- 13,112 SF land site with two income‑producing buildings totaling 9,946 SF
- All units rented with long‑term tenants; monthly rents approximately $20,000 gross
- Zoned T5‑R with possibility of zoning change to T8‑O
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
What type of property is this?
Commercial land - Commercial land site with two income-producing buildings and all units occupied by long-term tenants.
Where is this commercial land located?
The property is located at 433 NE 37th St Miami, FL.
What is the asking price?
The asking price for this property is $4,700,000.
What are key features of this property?
This property features: 13,112 SF land site with two income‑producing buildings totaling 9,946 SF; All units rented with long‑term tenants; monthly rents approximately $20,000 gross; Zoned T5‑R with possibility of zoning change to T8‑O
