3590 36Th St Miami, FL 33142

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.