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3340 NW 36th St - WOW DISTRICT DEVELOPMENT COVERD LAND 0.77 Acres of Commercial Land Offered at $3,900,000 in Miami, FL 33142
Investment Highlights
- T6-8O zoning
- daily traffic count +/-25,000
- Existing cash flow $250,000.00
Executive Summary
Welcome to the Melrose Redevelopment, a premier investment opportunity located along the high-traffic NW 36th Street corridor — right between Allapattah and the Palmer Lake District. The offering includes two contiguous lots totaling approximately 34,000 square feet — or 0.77 acres — zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units. But here’s the value-add: the site already produces approximately $250,000.00 in annual rental income from a mix of short-term tenants across residential and commercial structures. That gives you a strong carry while pursuing entitlements or finalizing plans. Add to that the Live Local Act incentives — no parking required in TOD zones, increased FAR, density, and height — and you’re looking at serious upside. Just 2.5 miles from Miami International Airport, and minutes from Wynwood, Downtown, and the Health District — this site is positioned at the intersection of convenience and growth. Whether you land bank, entitle, or go vertical — Melrose checks every box.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per AC | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
Property Facts
1 Lot Available
Lot 1 and 2
| Price | $3,900,000 | Lot Size | 0.77 AC |
| Price Per AC | $5,064,935.06 |
| Price | $3,900,000 |
| Price Per AC | $5,064,935.06 |
| Lot Size | 0.77 AC |
The offering includes two contiguous lots totaling approximately 34,000 square feet — or 0.77 acres — zoned T6-8-O. That means you’re looking at a by-right development potential for up to 116 multifamily units.
Description
SITE DETAIL Land Size: 0.77 Acre Zoning : T 6-8 O Parcel ID: 01-3128-013-3450 & 01-3128-013-3440 +/- 250 Linear feet on NW 36 street Asking $3,900,000.00
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $0 (2025) | Total Assessment | $1,401,451 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,401,451 (2025)
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3340 NW 36th St - WOW DISTRICT DEVELOPMENT COVERD LAND
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