Mixed-Use Property – 5,750 Sq Ft in Miami, FL – T68-O Wynwood Norte Revitalization District
Commercial Sale
Category: Mixed-Use
Price:$700,000
Location: Miami, FL
Days on Market: 89
Description:
$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.
$700K FIRM!!! Mixed-Use Comm-Res-Hotel/Motel 1 Blk N of 36 St. Zoned T68-O Wynwood Norte Revitalization District. Incl Hwy Billboard Rent. Sold AS-IS
Listing Code: 1108057120