Miami, FL 33142,Address not disclosed
Miami, FL 33142,Address not disclosed
Miami, FL 33142,Address not disclosed
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$2,900,000
Est. payment /mo
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.

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


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Listed by Fausto Commercial Realty Consultants Inc

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agent

Alex Rojas

+1(786) 558-6150

Realtor® | License ID: 3350132

Realtor® License ID: 3350132

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