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    3590 36Th St Miami, FL 33142

    For Sale
    $2,050,000

    Prime Miami location, redevelopment potential.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 13,946 sq ft commercial land parcel in Miami, FL (APN: 01-3128-014-0100), presents a unique blend of immediate income and significant long-term growth potential. Currently operating as a dealership with a lease expiring October 1, 2026 (1.9 years remaining), the property generates a pro-forma NOI of $90,000, yielding a 4.39% cap rate. The asking price is $2,050,000, translating to $157 per square foot. Zoned T6-8-O, the site offers substantial redevelopment opportunities. Plans could include up to 48 residential units in an 8+ story building, or potentially up to 12 floors with bonuses, creating a high-density residential or mixed-use development. The property's prime corner location at 3590 NW 36th St, Miami, FL 33142, boasts high visibility and easy access to major expressways, enhancing its appeal to both commercial and residential ventures. This presents a compelling investment opportunity for those seeking both short-term income and substantial long-term appreciation. The existing 1,450 square foot structure provides additional income until the lease expires. This is a rare chance to acquire a well-located, income-producing asset with significant upside potential in a thriving Miami market.

    Property Features for 3590 36Th St

    General Information

    Property type
    Land

    HighLights

    • 13,946 SF commercial land parcel in Miami, FL (APN: 01‑3128‑014‑0100), $2,050,000 asking price ($157/SF).
    • Currently leased to a dealership, generating $90,000 NOI with a 4.39% cap rate; lease expires October 1, 2026.
    • Zoned T6‑8‑O, allowing for redevelopment into up to 48 residential units in an 8+ story building, or potentially up to 12 floors with bonuses.
    • Prime corner location at 3590 NW 36th St, Miami, FL 33142, offering high visibility and easy expressway access.
    • Existing 1,450 SF structure provides additional income until lease expiration.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Penny Rent A Car Car Rental Agency Romano Auto Sales ... Car Dealer Penny Motors Inc ... Shopping Mall Auto Glass Stop Auto Glass Shop Worldwide EMS Equipment ... Manufacturer

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.254415106528
    Latitude
    25.808433225906

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    FAQs

    What type of property is this?
    Land - Prime Miami location, redevelopment potential.
    Where is this land located?
    The property is located at 3590 36Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,050,000.
    What are key features of this property?
    This property features: 13,946 SF commercial land parcel in Miami, FL (APN: 01-3128-014-0100), $2,050,000 asking price ($157/SF).; Currently leased to a dealership, generating $90,000 NOI with a 4.39% cap rate; lease expires October 1, 2026.; Zoned T6-8-O, allowing for redevelopment into up to 48 residential units in an 8+ story building, or potentially up to 12 floors with bonuses.
    (786) 423-4662
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    3590 36Th St 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
    3590 36Th St Miami, FL 33142
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