3490 NW 32nd Ave
Cash flow, multi-use functionality, and future development potential all in one location.
Marketing description
Cash flow, multi-use functionality, and future development potential all in one! Located just blocks away from Miami’s vibrant NW 36th Street corridor, this mixed-use powerhouse includes:
One Duplex / Two Apartments / Parking Storage Lot / Commercial Space - currently operating as a restaurant :
-ALL ROOFS 2 YEARS NEW
-PASSED 50 YEAR CERTIFICATION 2025 ( can provide documentation upon request )
-1 FOLIO: 6 BED / 4 BATHS RESIDENTIAL UNITS
-ALL SEPARATE ELECTRIC METERS
-CAN BUILD UP TO 4 STORIES HIGH
-6 INCOME PRODUCING RENTAL SPACES
-ZONING: BU-1A
-TOTAL LOT SIZE 13,800 Sq. Ft
-COMBINED BUILDING AREA 6,213 Sq. Ft
-2024 ADDT : 23,000 CARS DRIVE BY PER DAY BASED ON TRANSIT RECORDS
-CORNER PROPERTY WITH HIGH VISIBILITY FOR BUSINESS CLIENT EXPOSURE
The entire property is leased on a month-to-month basis with long term tenants, generating an estimated gross income of $233,000 per year. BU-1A zoning allows for construction of up to four stories and offers a wide range of property uses. Don’t miss out on this rare find! With potential for increased rents & significant future development potencial, this property could be the perfect addition to your investment portfolio.
We are also selling the adjacent vacant lot measuring 6,750 sf and strip retail that wraps around the other corner of property. All separate folios, one interesting expansion opportunity of the creative investor or developer.
Schedule your tour or call today to explore the possibilities!
FOR ZONING INFO PLEASE CLICK LINK BELOW:
Investment highlights
What makes this property an interesting investment?
-Instant Income: It is currently 100% leased out with long term tenants.
-Diversity: The zoning is very flexible offering multiple possibilities of use.
-Timing has met opportunity: There’s room for expansion & development beyond property lines with the 2 adjacent properties also being available for purchase. For the right buyer and vision, this property can be part of a bigger redevelopment projection. With adjacent properties, this opens up incredible development possibilities!
-Prime Location: Situated on NW 32nd Ave, this site experiences over 23,000 vehicles passing daily.
-Mixed-Use : -You attain comercial and residential in one, adding a great diversification to your investment portfolio. Just a few blocks from Miami International Airport, this property presents a fantastic redevelopment opportunity. Proximity to Key Areas: Close to the University of Miami, Jackson Memorial Medical Center, Design District, Wynwood, Downtown Miami, Miami Springs, and Little Havana.
-Convenient Access: The site offers easy access to major highways.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Is there information that looks off?
