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• MLS® #: A11994018
• 433 Ne 37th St
• Miami, FL 33137-3788
• $4,700,000
• Business

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.

Facts About Miami, FL

Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.