Bay Vista Park
$700,000
321 NW 37th St, Miami, FL 33127
30,516
NOI
Details:
Highlights:
- Lot Features: City Location, Inside Lot, Near Seaport, Urban Area Development, Less Than 1 Acre, Other Lot Description, Regular Lot, Cleared Land, No Bldg Included
- Building Features: Automobile Traffic, Heavy Traffic
- Gross Income: 41231
- Documents Available: Copies Of Lease(S)
- Insurance Expense: 0
- Ownership: Other Ownership
Description:
The property may go to auction soon. If you're interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr & Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm/Resi maybe more w/entitlements. Density 150 units/ac. Lot coverage footprint approx. 4,600 SF. There is ingress & egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. remaining. Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD “AS-IS” cash to Seller, buyer(s) do own due diligence.
Location
Gallery
