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21795191
21795215

321 NW 37th St, Miami, FL 33127

SE
FL 0348217, 0348217
The Keyes Company
Listed by The Keyes Company
$600,000
474 days on market
Updated 16 days ago

Central to DT Mia Civic Ctr Pt of Mia Design Dist & Mia Intl

Details
APN 01-3124-002-1350
Property Type Mixed Use, Hospitality (+1)
Sub Type Apartment Building, Motel (+1)
Units 1
Occupancy 100%
Tenancy Single
Lease Type Modified
Lease Term 99
Lease Expiration 09/30/2115
Remaining Term 88
Lease Options 20 Yr Auto Renewal
Broker Co-Op Yes
Lot Size (SqFt) 5,750
Zoning T68-O Miami21 150 units/acre
Investment Type Redevelopment
Lease Commencement 10/01/2016
Occupancy Date 10/01/2016
Ground Lease Yes
Ownership Est of Robert Labranche

Build a boutique Off-Apt-Condo-Motel-Rec-Relig Mixed-Use facility & collect solid, long-term income!

Marketing description

NEW $600K Price rock bottom. Attn Developers, Architects, Builders, Investors. Build up to 6 story Mixed Use Office, Commercial/Residential micro-units or Motel. Zoned T68-O Density 150 units/ac. 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Plus Income from solid, NO vacancy, long-term billboard lease for the development. 3 Blks from the Design District & Midtown, The Civic Ctr., Hospitals, Downtown, Port of Miami, Miami Intl. are all nearby. There is ingress & egress for the billboard operations. Lessee pays property, liability & workman’s comp insurance policies, the utilities & ground maintenance of the pole. Lessor is named co-insured and only pays RE Tax. The Value will be developing the Lot. The billboard revenue is a Plus cash flow. It’s a NO Vacancy, solid, ongoing, income stream. Being SOLD “AS-IS” all cash to Seller, buyer(s) to do your own due diligence. Seller has some information available regarding your due diligence with a signed NDA. Call, text or email today. Thank you for your time. Billboard is owned & operated by a reputable 3rd party who hold the permit.

Investment highlights

Please sign the attached NDA for Private & Confidential Information on this asset. You will receive copies of the Lease, Survey, Site Plan, Soil Boring, Billboard permit & approval as per local and oher regulations, to the Billboard that Sellers or Sellers' Broker has acquyred from public records and provate financials. Please sign attached NDA for copy of lease, site plan, survey, soil boring (10/2015) Income v Expense 2023, ‘24, ‘25

Steven C Epstein, P.A.

Broker-Realtor

[email protected]

Mobile/Text: 305-546-5132

https://StevenEpstein.keyes.com

Lic. BK348217

Keyes Commercial, Inc.

2423 S LeJeune Rd. Coral Gables, FL 33134

Offered subject to errors, omissions, change in price and/or terms, prior sale or withdrawal from market without notice

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Listing Contacts

SE
FL 0348217, 0348217
The Keyes Company
Listed by The Keyes Company

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