Miami, FL 33142 - Miami-Dade County

"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 $180,000. The lots benefit from favorable T6-8 O zoning, which allows for development density of 150 units per acre "by right."

Copyright © 2024 MIAMI Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.