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Melrose Redevelopment | Covered Lant Play +-$200k Yearly / Units 3520 Northwest 33rd Avenue, Miami, FL 33142
Shopping Center / Retail
Mixed Use
Property Description
MELROSE REDEVELOPMENT 116 units with "EXISTING INCOME."
This offering includes two contiguous lots ( 3340 NW 36 ST & 3520 NW 33 AVE ) on 36th Street, totaling approximately 0.77 acres or around 34,000 square feet. The property features a commercial auto dealer storefront of about 1,000 square feet on the western lot, and a residential duplex with approximately 2,800 square feet on the corner. Both structures are currently occupied by short-term tenants, generating an annual rental income of $216,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right.
Area Description
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250 Linear Feet on highly traveled NW 36 Street
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Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre
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3520 NW 33 AVE & 3340 NW 36 ST
Highlights
INVESTMENT HIGHILIGHTS:
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0.77 Acre with +/- (2) structures, both Resi. & Commercial property
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$216,000.00 rent in place
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Seller Financing
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Redevelopment Potential for 116 Units
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250 Linear Feet on highly traveled NW 36 Street\
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Along NW 36 Street
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Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre
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3520 NW 33 AVE & 3340 NW 36 ST
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Land Size: .77 Acre
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Zoning : T 6-8 O
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Parcel ID :01-3128-013-3450 & 01-3128-013-3440+/- 250 Linear feet on NW 36 street
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Asking $4,750,000.00
SELLER FINANCE AVAILABLE!
Full Address: 3520 Northwest 33rd Avenue, Miami, FL 33142
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100
Zoning: T 6-8 0
Region: S-SE
County: Miami-Dade County
Property ID: 4044603
Has Sewer: Yes
Has Water: Yes
Has Electric: Yes
Has Waste: Yes
Has Gas: Yes
Building Sf: 34000
Parcel Num: 01-3128-013-3450,01-3128-013-3440
Number Units: 150
Number Buildings: 1
Year Built: 2010
Cap Rate: 3.16
Tenancy Type: Multi-Tenant
INVESTMENT HIGHILIGHTS: 0.77 Acre with +/- (2) structures, both Resi. & Commercial property $216,000.00 rent in place Seller Financing Redevelopment Potential for 116 Units 250 Linear Feet on highly traveled NW 36 Street\ Along NW 36 Street Between Palmer Lake Area & Allapattah 2,5 miles from Miami International Airport T 6 -8 O zoning/ 150 units per acre 3520 NW 33 AVE & 3340 NW 36 ST Land Size: .77 Acre Zoning : T 6-8 O Parcel ID :01-3128-013-3450 & 01-3128-013-3440+/- 250 Linear feet on NW 36 street Asking $4,750,000.00 SELLER FINANCE AVAILABLE!