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DESCRIÇÃO
$700k firm! attn developers, archs, bldrs. Investors. Develop 5750 sf lot in wynwood norte rdd2 1 blk n of nw 36 st off nw 3rd av. Nr design district midtown & downtown. Build up to 6 story mixed use comm/resi bldg. , maybe more w/entitlements. Density 150 units/ac. 80% lot coverage footprint approx. 4,600 sf. Less lessor created easement for bb co to operate in ne cor. W/min setbacks. Bb faces i-195 & sr-112. Buyer(s) assumes 99-yr grd lease @ closing. Rent = 18% bb revenue sharing, lessee pays st, utils, $2m prop & liab policy, lessor is co-insured. Lessor pays re tax. In 2024 noi $30,516 shows 4. 36% return on investment (roi) cash on cash $700k (no leverage). Valu is the lot. The bb revenue is a plus. Sold “as-is” cash to seller, buyer(s) do own due diligence. Call now w/questions.
Data is provided by Miami Board of Realtors.
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Listed on February 27, 2025 by Steven Epstein from The Keyes Company, this house is for sale. house for sale in Wynwood listed at $700,000, Reference A11745937
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