2663 36Th StMiami, FL 33142

Property Details for 2663 36Th St

Property type

Retail properties

Property subtype

Bars

Description

This exceptional Miami property presents a unique investment opportunity at $21,000,000. Currently operating as a thriving 24-hour adult club with a newly remodeled interior and ample off-street parking for 200 vehicles, this mixed-use asset offers immediate income potential. However, the true potential lies in its approved zoning for affordable housing. The existing approvals encompass a 12-story building with 160 units, eliminating the need to navigate typical setbacks and parking requirements, significantly reducing development hurdles and costs. This streamlined approval process allows for a swift transition to a high-density residential project, generating substantial rental income projected at $35,000 per month. Alternatively, the site could be redeveloped into a high-rise condominium, capitalizing on Miami's robust real estate market. Located at 2663 NW 36th St, Miami, FL 33142, this versatile property in Miami-Dade County offers unparalleled flexibility and significant upside for discerning investors. The property is classified as Hospitality, Industrial, Mixed Use, Multifamily, and Retail, reflecting its diverse potential uses. This is a rare chance to acquire a property with immediate cash flow and substantial long-term development possibilities in a prime Miami location.

Location Insight

City

Miami

County

Miami/Dade

State

Florida

Latitude

25.8094

Longitude

-80.2393

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