Price

$4,150,000

Price Change

▼ $350,000 1677800461

MLS#

A11312816

Status

ACTIVE

Type

Commercial

Property Description

REDEVELOPMENT OPPORTUNITY and APPROVED PROJECT, RETIRE OWNER is giving away an excellent OPPORTUNITY. A very well located ONE ACRE LOT (43,560 sq ft), could be rezoned to built a 200/250 Hotel units. This property already has an existing 12 rental units and also has a project to build 18 units already approved by Miami-Dade and Virginia Gardens.EXCELLENT LOCATION close to Doral, Miami Springs,826 hwy and Miami International Airport,in the exclusive area of Virginia Garden. Property contains 12 existing rental units generating a Yearly Gross Income of $186,600.The approved Project for the 18 new units will generate a Gross Income of $481,200 in today's rental market price (there is room to go up).This ideal package will allow a total of 30 rental units or rezoned to built a 200/250 Hotel.

Additional Information

Days on Market

260

Tax Amount

$25,228

Parcel Number

26-30-25-011-0060

Lot Size

43,560

Address

5979 Nw 37th St, Virginia Gardens

Development Name

Sub Of Track A Of Sunset

Development

Sub Of Track A Of Sunset

Section

25