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321 Nw 37th St, Miami, FL – $700,000

  • $700k Price
  • .13 Acres
  • 88 DOM
  • $700k Price
  • .13 Acres
  • 88 DOM

321 Nw 37th St

$700K FIRM!!! Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Design District Midtown & Downtown. Build up to 6 story Mixed Use Comm/Resi bldg., maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx. 4,600 SF. less Lessor created easement for BB Co to operate in NE cor. w/min setbacks. BB faces I-195 & SR-112. Buyer(s) assumes 99-yr Grd Lease @ closing. Rent = 18% BB revenue sharing, Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. In 2024 NOI $30,516 shows 4.36% Return on Investment (ROI) Cash on Cash $700K (no leverage). Valu is the lot. The BB revenue is a plus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Call now w/questions.

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Essential Information

  • MLS® #A11745932
  • Price$700,000
  • Bathrooms0.00
  • Acres0.13
  • TypeCommercial
  • Sub-TypeMixed Use
  • StatusActive

Community Information

  • Address321 Nw 37th St
  • Area31
  • CityMiami
  • CountyMiami-Dade
  • StateFL
  • Zip Code33127-3139

Exterior

  • Lot Description50

Additional Information

  • Listing Courtesy ofThe Keyes Company
  • Date ListedFebruary 27th, 2025
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Price Change History for 321 Nw 37th St, Miami, FL (MLS® #A11745932)

Date Details Change
Price Reduced from $725,000 to $700,000 $25,000 (3.45%)