Home » Miami » 321 NW 37th St, Miami, FL 33127 | A11745602

Other For Sale 321 NW 37th St, Miami, FL 33127

$725,000

Property Highlights

Listing ID A11745602 Status of this Listing: Active For Sale Property Type Land Residential Lot area 5,750 Sqft/534.19 m2 approx. Time of this property on Rebonus 13 Day(s)

321 NW 37th St, Miami, FL 33127

Property Description: NEW PRICE $725K! Attn Developers, Archs, Bldrs etc. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Av. Nr Des Dist DT & Midtown. 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. BB in NE cor. w/min setbacks, faces I-195 & SR-112. Buyer(s) assume 99-yr Grd Lease @ close. Rent = 18% of BB revenue, Lessee pays ST, utils, $2M prop & liab policy, Lessor is a co-insured. Lessor pays RE Tax. 2023 & 2024 NOI aver $26,182.24 = 3.61% ROI Cash on Cash @ $725K (no leverage). Valu is the lot. The BB revenue is a bonus. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence. Make your highest & best offer(s) now. Call w/questions

Useful Info

Original List Price:$725,000

Business Info

Gross Scheduled Income:41231
Financial Data Source:
  • Owner
  • Other

Land Lot (Parcel) Details

Number of Lots:1
Lot Size Acres:0.132
Lot Features:
  • <1 Acre
  • Other
  • Rectangular Lot
Lot Size Unit:Square Feet

Property Features

Waterfront:No
Vegetation:
  • Other
  • Grassed
Road Responsibility:
  • Public Maintained Road

Taxes and Expenses

Tax Annual Amount:$9,456

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023

Terms

Documents Available:
  • Lease
Listing Terms Considered by Seller:
  • Cash
  • Conventional
Buyer Possession:
  • Closing & Funding
  • Subject To Tenant Rights
Lease Considered:No

Community

Road Surface Type:
  • Paved
Subdivision Name:Bay Vista Park
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
  • Other
Utilities Available:
  • Electricity Available
  • Other
Water Source:
  • Public
  • Other

More Details

Other Information:
Property DescriptionBillboard Faces 195 & 112
Flood ZoneX
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1107165735
PACE (Property Assessed Clean Energy) program0
Subdivision Number2

Zoning and Legal

Tax Legal Description:BAY VISTA PK PB 5-47 LOT 22 BLK 44 & 15FT OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5750 SQ FT M/L
Real Estate Folio Number (Parcel Number):01-31-24-002-1350
Zoning Description:6100
Public Survey Township:1
Public Survey Range:31
Public Survey Section:24
Title to the property is held by owner as:
  • Other Ownership

Listing History

Update/EventDate/Days
Published Date:February 14, 2025 5:46 pm
On Market Date:February 12, 2025
Price Change Date Time:February 14, 2025 3:42 pm
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 14, 2025 5:46 pm
Status Last Changed:February 14, 2025 5:46 pm
Photos Last Modified:February 14, 2025 10:57 pm
Last Modified:February 27, 2025 8:38 pm
Days on the Market Reference Date:February 27, 2025
Days on the Market (updated on Last Modified*):15
Cumulative Days on the Market (updated on Last Modified**):380

Additional Information

Lot Size Range:Less Than 1 Acre,Other Lot Description,Regular Lot
Number of Photos:49
Location:,City Location,Inside Lot,Near Seaport,Urban Area Development,Less Than 1 Acre,Other Lot Description,Regular Lot
Included:,,
Area:31
Courtesy of:The Keyes Company
Universal Property Id:US-12025-N-0131240021350-R-N

Location

Show Property Address:Yes
Street Name:37th St
Street Number:321
Street Direction Prefix:NW
Street Address:321 NW 37th St
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade
Full Address:321 NW 37th St, Miami, FL 33127
Latitude:N25° 48' 40.4''
Longitude:W81° 47' 52.8''

Neighborhood

Postal City:Miami

Property Map