Mls Number: A11691864
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.
Details
| Mls | A11691864 |
|---|---|
| Listing Type | For Sale |
| Style | Mixed Use |
| Subtype | Resale |
| Status | Active |
| Year | 1945 |
| Days On Site | 26 |
| Listing Provided By | Fausto Commercial Realty Consultants Inc | Miguel Fuentes |
Features
| Sq Feet | 5,927 |
|---|---|
| Zoning | BU-1A |
| Acreage | 13800.00 |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33142 |
| Area | 30 |
| Listing VS Median (in 33142) | |
Price: $2,900,000 low | high Med: $439,000 SqFt: 5,927 low | high Med: 938 $ / SqFt: $489 low | high Med: $480 On Site: 26 low | high Med: 56.000000 | |