The property may go to auction soon. If you're interested, act now before multi-bidding. $700K FIRM Nr Design District, Midtown, Civic Ctr & Downtown. Attn Developers, Archs, Bldrs. Investors. Develop 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Build up to 6 story Mixed Use Comm/Resi maybe more w/entitlements. Density 150 units/ac. Lot coverage footprint approx. 4,600 SF. There is ingress & egress for the BB Co to operate their billboard. Long-term ground lease, 89 yrs approx. remaining. Lessee pays ST, utils, $2M prop & liab policy, Lessor is co-insured. Lessor pays RE Tax. Value is the Buildable Lot; the BB revenue is ongoing while developing, and through lease end approx. 09-30-2114. SOLD AS-IS cash to Seller, buyer(s) do own due diligence.
MLS # | A11745932 |
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Listing Type | For Sale |
Style | Mixed Use |
Building Name | Wynwood Norte RDD 2 |
Sub-Type | Resale |
Status | Active |
Days On Site | 116 |
Listing Provided By | The Keyes Company | Steven Epstein |
SQ Feet | 1 |
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Zoning | 6100 T68-O |
Acreage | 0.13 |
Property | 4630 |
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State | FL |
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County | Miami Dade |
City | Miami |
Zip Code | 33127 |
Area | 31 |
Listing VS Median (in 33127) | |
Price: $700,000 low | high Med: $500,000 SqFt: 1 low | high Med: 1,135 $ / SqFt: $700,000 low | high Med: $441 On site: 116 low | high Med: 51.000000 |