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5,927sf | Mix-Use Income Generating Property 3490 NW 32nd Ave 5,927 SF 100% Leased Retail Building Miami, FL 33142 $2,850,000 ($480.85/SF) 7.70% Cap Rate
INVESTMENT HIGHLIGHTS
- -CASH FLOW $233,400 : It is currently 100% leased out with long term tenants.
- -Prime Location: Situated on NW 32nd Ave, this site experiences over 23,000 vehicles passing daily.
- -Diversity: The zoning is very flexible offering multiple possibilities of use.
EXECUTIVE SUMMARY
Cash flow $231,000 gross, multi-use functionality, and future development potential all in one! Located just blocks away from Miami’s vibrant NW 36th Street corridor, this mixed-use powerhouse includes: One Duplex / Two Apartments / Parking Storage Lot / Commercial Space - currently operating as a nightclub/restaurant
-ALL ROOFS 2 YEARS NEW
-PASSED 50 YEAR CERTIFICATION 2025 ( Electrical/Structural can provide documentation upon request )
-1 FOLIO: 6 BED/4 BATHS RESIDENTIAL UNITS
-ALL SEPARATE ELECTRIC METERS
-CAN BUILD UP TO 4 STORIES HIGH
-6 INCOME PRODUCING RENTAL SPACES
-ZONING: BU-1A
-TOTAL LOT SIZE 13,800 Sq. Ft
-COMBINED BUILDING AREA 6,213 Sq. Ft
-2024 ADDT : 23,000 CARS DRIVE BY PER DAY BASED ON TRANSIT RECORDS
-CORNER PROPERTY WITH HIGH VISIBILITY FOR BUSINESS CLIENT EXPOSURE
The entire property is leased on a month-to-month basis with long term tenants, generating an estimated gross income of $231,000 per year. BU-1A zoning allows for construction of up to four stories and offers a wide range of property uses. Don’t miss out on this rare find! With potential for increased rents & significant future development potencial, this property could be the perfect addition to your investment portfolio.
We are also selling the adjacent vacant lot measuring 6,750 sf and strip retail that wraps around the other corner of property. All separate folios, one interring expansion opportunity of the creative investor or developer.
Schedule your tour or call today to explore the possibilities!
FOR ZONING INFO PLEASE CLICK LINK BELOW:
https://library.municode.com/fl/miami_-_dade_county/codes/code_of_ordinances?nodeId=PTIIICOOR_CH33ZO_ARTXXVLIBUDI
-ALL ROOFS 2 YEARS NEW
-PASSED 50 YEAR CERTIFICATION 2025 ( Electrical/Structural can provide documentation upon request )
-1 FOLIO: 6 BED/4 BATHS RESIDENTIAL UNITS
-ALL SEPARATE ELECTRIC METERS
-CAN BUILD UP TO 4 STORIES HIGH
-6 INCOME PRODUCING RENTAL SPACES
-ZONING: BU-1A
-TOTAL LOT SIZE 13,800 Sq. Ft
-COMBINED BUILDING AREA 6,213 Sq. Ft
-2024 ADDT : 23,000 CARS DRIVE BY PER DAY BASED ON TRANSIT RECORDS
-CORNER PROPERTY WITH HIGH VISIBILITY FOR BUSINESS CLIENT EXPOSURE
The entire property is leased on a month-to-month basis with long term tenants, generating an estimated gross income of $231,000 per year. BU-1A zoning allows for construction of up to four stories and offers a wide range of property uses. Don’t miss out on this rare find! With potential for increased rents & significant future development potencial, this property could be the perfect addition to your investment portfolio.
We are also selling the adjacent vacant lot measuring 6,750 sf and strip retail that wraps around the other corner of property. All separate folios, one interring expansion opportunity of the creative investor or developer.
Schedule your tour or call today to explore the possibilities!
FOR ZONING INFO PLEASE CLICK LINK BELOW:
https://library.municode.com/fl/miami_-_dade_county/codes/code_of_ordinances?nodeId=PTIIICOOR_CH33ZO_ARTXXVLIBUDI
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| 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 | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
Sale Type
Investment
Property Type
Building Size
5,927 SF
Building Class
C
Year Built/Renovated
1945/2023
Price
$2,850,000
Price Per SF
$480.85
Cap Rate
7.70%
NOI
$219,545
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.43
Lot Size
0.32 AC
Zoning
BU-1A - Please see link with complete zoning info at bottom of listing.
Frontage
100’ on 32nd Ave
Walk Score®
Very Walkable (71)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 30-3128-013-0920 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $678,810 (2025) |
PROPERTY TAXES
Parcel Number
30-3128-013-0920
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$678,810 (2025)
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5,927sf | Mix-Use Income Generating Property | 3490 NW 32nd Ave
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