Commercial Sale · Mixed Use
321 NW 37th St, Miami FL 33127, MIAMI, FL, 33127
Active547 days on marketListed Feb 12, 2025MLS #A11745932
About this property
The property at a glance
NEW $600K Price rock bottom. Attn Developers, Architects, Builders, Investors. Build up to 6 story Mixed Use Office, Commercial/Residential micro-units or Motel. Zoned T68-O Density 150 units/ac. 5750 SF lot in Wynwood Norte RDD2 1 blk N of NW 36 St off NW 3rd Ave. Plus Income from solid, NO vacancy, long-term billboard lease for the development. 3 Blks from the Design District & Midtown, The Civic Ctr., Hospitals, Downtown, Port of Miami, Miami Intl. are all nearby. There is ingress & egress for the billboard operations. Lessee pays property, liability & workman’s comp insurance policies, the utilities & ground maintenance of the pole. Lessor is named co-insured and only pays RE Tax. The Value will be developing the Lot. The billboard revenue is a Plus cash flow. It’s a NO Vacancy, solid, ongoing, income stream. Being SOLD “AS-IS” all cash to Seller, buyer(s) to do your own due diligence. Seller has some information available regarding your due diligence with a signed NDA. Call, text or email today. Thank you for your time. Billboard is owned & operated by a reputable 3rd party who hold the permit.
1
Building sq ft
$600,000
Price / sq ft
0.132
Lot acres
0
Buildings
6100 T68-O
Zoning
Mixed Use
Property type
The numbers
Investment snapshot
5.1%
Cap rate
$30,516
Net operating income
$41,231
Gross income (yr)
11 Years Plus Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$3,751/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Jessica to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
7,241
Population
$42,572
Median income
32
Median age
2
Avg household
$68,671
Median home value
$1,600/mo
Median rent
645
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Galleries, city murals, and skillful latte art gets this population excited. They're always on the lookout for creative expression.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Dropping the beat and raising the roof, this population enjoys everything hip hop culture has to offer, including music, dance moves, and fashion.
Seeking peace and well-being through meditation, gratitude and spirituality.
Recent sales
What actually sold near 321 NW 37th St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$7,000
680 NW 71st St, Miami FL 33150
Sold Nov 11, 2024
$1,650
497 NW 27th Ave # 497, Miami FL 33125
Sold Jan 10, 2025
$1,200,000
3470 E Coast Ave # 10, Miami FL 33137
Sold Aug 15, 2025
Your team
The pros in your corner
Your agent
Jessica Stickler
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 321 NW 37th St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 321 NW 37th St.
See it in person
Schedule a tour
Live availability from Jessica's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of The Keyes Company · Steven Epstein. MLS #A11745932.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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