South Florida
Bay Vista Park, 321 NW 37th St Miami, FL 33127
725,000(-3.45% )
$700,000Price
N/ASqFt
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Size: 5,750 ft2 / 534 m2
Price: $122 ft2 / $1,310 m2
MLS Number: A11745937
On Site: 33 Days
Updated: 12 Days ago
Page Views: 0
$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.
Features
All features
Property SqFt: 5750
Remarks: $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.
Internet Remarks: $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.
Waterfront: No info
Directions: South
Days on Market: 36
Compass Point: NW
Office Name: The Keyes Company
Area: 5750
Taxes: 10715
Tax Year: 2024
Listing Date: 2025-02-27T15:53:53.000-00:00
Lot Size Square Feet: 5750
Price History
03/20/2025
Date
Price Reduced
Event
$700K
Price
-3.45%
Change Rate
$122 ft2 / $1,310 m2
Price Per
02/27/2025
Date
Price Reduced
Event
$725K
Price
-90%
Change Rate
$126 ft2 / $1,357 m2
Price Per
02/15/2025
Date
Listed
Event
$7.3M
Price
$1,261 ft2 / $13,572 m2
Price Per
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Steven Epstein • The Keyes Company • Buyer Agency Compensation .
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Unit 321 NW 37th St – Asking
$N/A/ft²
Closed Medium $/ft²
$413/ft²
Community $/Price Range (Closed) $102/ft² – $755/ft²
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