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.
Property Details
Price:
$2,900,000
MLS #:
A11691864
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Mixed Use
City:
Miami
Listed Date:
Nov 12, 2024
State:
FL
Finished Sq Ft:
5,927
Total Sq Ft:
5,927
ZIP:
33142
Year Built:
1945
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Interior
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Financial
Taxes
$12,828
Map
Community
- Address3490 NW 32nd Ave Miami FL
- CityMiami
- CountyMiami-Dade County
- Zip Code33142
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