Basics
- Category: CommercialSale
- Type: CommercialSale, MixedUse
- Status: Active
- Bathrooms: 0
- Lot size: 13800, 13800 sq ft
- Year built: 1945
- County: Miami-Dade
- Lease Term: ThirtySixMonths
- MLS ID: A11691864
Description
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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 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.
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Property details
- Lease Term: ThirtySixMonths
- Lot Size Square Feet: 13800
- Parcel Number: 33142
Location Details
- County Or Parish: Miami-Dade
- Zoning Description: BU-1A
Building Details
- Structure Type: MultiFamily
- Covered Spaces: 0
Expenses, Fees & Taxes
- Association Fee: 0
- Tax Annual Amount: $12,828
Fees & Taxes
- Association Fee: 0
Miscellaneous
- List Office Name: Fausto Commercial Realty Consultants Inc
- Listing Terms: Cash,Conventional,OwnerMayCarry
Miscellaneous
- Above Grade Finished Area: Miami, FL
- Virtual Tour URL: https://www.propertypanorama.com/instaview/mia/A11691864