3490 32Nd Ave Miami, FL 33142

This exceptional Miami mixed-use property at 3490 NW 32nd Ave, Miami, FL 33142, offers a compelling investment opportunity. The 5,927 square foot building, constructed in 1945, boasts multiple income streams. A ground floor restaurant/nightclub currently generates $9,000 in monthly revenue, while four residential units contribute an additional $7,200 monthly. This totals $220,000 in gross annual income, with potential for a 15-20% increase without significant renovations. Adding to the income stream is a leased yard used for truck parking and storage, generating $2,140 monthly. The property also includes a well-maintained CBS duplex featuring two 2-bedroom, 1-bathroom units currently rented below market value, presenting immediate upside potential. Located just blocks from Miami's main NW 36th Street corridor, this property offers substantial land banking potential and qualifies under the new Live Local SB 102 Act, allowing for increased density and building height, paving the way for a transformative high-density, mixed-use development. This is a rare chance to acquire a high-performing asset with significant future growth potential in a prime Miami location. The asking price is $2,900,000.