3490 NW 32nd Ave, Miami FL 33142

Miami, FL, 33142
$2,900,000

Basics

Date added Added 3 weeks ago Category Type Status
Lot size, sq ft 13800 sq ft Year built 1945 LeaseTerm 1 To 3 Year Lease ListOfficeName Fausto Commercial Realty Consultants Inc
ListAOR Miami Association of REALTORS® MLS ID A11691864

Description

  • Description:

    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.

Location

  • CountyOrParish: Miami-Dade County

Building Details

  • NewConstructionYN: No

Amenities & Features

  • Waterfront available: No
  • GarageYN: No
  • AttachedGarageYN: No
  • CoolingYN: No
  • PoolPrivateYN: No
  • FireplaceYN: No

Ask an Agent About This Home

Miguel Fuentes

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