433 NE 37th Street, Miami, FL 33137

Listing Snapshot

Price

$4,700,000

Days on Site

63 Days

Bedrooms

0

Total Baths

0

Total Sq Ft

9,946 sqft

Lot Size

0.3 Acres

Year Built

1947

Property Type

Commercial

MLS #

A11994018

County

Miami Dade

Status

Active

About This Property

Brand New on Market / Sought after Development Area / These properties are considered landmarks in Old Miami / Properties are located at the intersection between Midtown, The Design District, and the Upper East Side all very explosive areas for real estate sales & rentals / With the site having a strategic location at Edgewater & Midtown, both neighborhoods that have seen a massive influx of residential and mixed-use development becoming one of the most sought-after development markets in Miami / Property is Zoned T5-R with possibility of zoning change to T8-O / Also possible to use Workforce Affordable which include a lot of Developer Perks / Site may also qualify under Florida's Live Local Act which can unlock significant additional Density & Height with reduced parking requirements and expedited approvals / Both of these options would increase Density & Height / The site is comprised of 13,112 SF of land with two buildings totaling 9,946 SF producing income. All units are rented with long term tenants / Rents are way under market / Monthly rents are approximately $20,000. Gross Monthly / Owner Financing Available / Brightline Station coming soon to Biscayne & NE 38th St — adding significant transit value to this already prime location.

General Features

Property Type

Commercial

Status

Active

Year Built

1947

Lot Size (Acres)

0.3

Total Sq Ft

9,946

Zoning

4600

Community & HOA

MLS Area

2320