,Mixed Use for Sale & Rent

for Sale & Rent

Price $2,900,000.00

• Lot size 13800
• Year Build 1945
• Waterfront
• Zip 33142
• Style
• Parking Description
• Pool Yes
• Status Active

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.

MELROSE HGTS 4TH SEC PB 17-21 LOTS 1 & 2 BLK 46 LOT SIZE 100.000 X 138 OR 20764-3060 1002 2 (2) COC 24602-2548 04 2006 1

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.

City:Miami,Zoning:BU-1A,List A O R:A-Miami Association of REALTORS,Latitude:25.8076523,Lease Term:1 To 3 Year Lease,List Price:2900000,Listing Id:A11691864,Longitude:-80.2484786,Mls Status:Active,Year Built:1945,Postal Code:33142,Tenant Pays:1:Electricity,2:Inside Insurance,Coordinates:1:25.8076523,Photos Count:27,Business Type:1:Restaurant/Bar,Days On Market:11,Listing Terms:1:Conventional/Refinance,2:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:30,On Market Date:2024-11-01,Parcel Number:30-31-28-013-0920,Property Type:Commercial Sale,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Fausto Commercial Realty Consultants Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:5731,Property Sub Type:Mixed Use,State Or Province:FL,Tax Annual Amount:12828,Unparsed Address:3490 NW 32nd Ave, Miami FL 33142,Building Features:1:Automobile Traffic,2:Awning/Hurricane Covers,Listing Agreement:Exclusive Agency,Road Frontage Type:1:Main Thoroughfare,Building Area Total:5927,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:13800,Original List Price:2900000,Public Survey Range:31,Documents Available:1:Photos,2:Rent Rolls,I D X Participation Y N:1,Syndication Remarks: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.,Listing Contract Date:2024-11-01,Originating System I D:miamire,Public Survey Section:28,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:3490,Tax Legal Description:MELROSE HGTS 4TH SEC PB 17-21 LOTS 1 & 2 BLK 46 LOT SIZE 100.000 X 138 OR 20764-3060 1002 2 (2) COC 24602-2548 04 2006 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:See Atachments, Contact broker for more information.,Contract Status Change Date:2024-11-01,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,