$ 2,900,000
Address not disclosed Miami, FL 33142
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,900,000
Est. payment /mo
New
Address not disclosed Miami, FL 33142
5,927 SqFt
UPDATED:
11/12/2024 11:01 PM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 5,927 sqft
Price per Sqft $489
MLS Listing ID A11691864
HOA Y/N Yes
Year Built 1945
Annual Tax Amount $12,828
Lot Size 0.317 Acres
Property Description
Just blocks from Miami’s main NW 36th Street corridor. This versatile property delivers multiple income streams, featuring a spacious restaurant/nightclub generating $9,000 monthly on the ground floor and four residential units producing $7,200 monthly, with potential for 15-20% income growth without major repairs - current in place is $220,000 gross. A well-maintained CBS duplex includes two 2-bed, 1-bath units currently rented below market, presenting immediate upside. The property also includes a yard leased for truck parking and storage, adding $2,140 monthly.
With substantial land banking potential, this property qualifies under the new Live Local SB 102 Act, offering the chance to enhance density and building height for a transformative high-density, mixed-use development.
With substantial land banking potential, this property qualifies under the new Live Local SB 102 Act, offering the chance to enhance density and building height for a transformative high-density, mixed-use development.
Location
State FL
County Miami-dade
Area 30
Others
Tax ID 30-31-28-013-0920
Acceptable Financing Cash, Conventional, Owner May Carry
Listing Terms Cash, Conventional, Owner May Carry
Listed by Fausto Commercial Realty Consultants Inc