New Listing - 11/01/2024


1945

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.


Status:

Active

Type:

Commercial

Zoning:

BU-1A

Est. Taxes:

$12,828

Days on Market:

11

Lease Term Type:

36 Months

MLS #:

A11691864


Community Info

School Info



Listing courtesy of Fausto Commercial Realty Consultants Inc Phone: 3059153492