Miami Commercial Real Estate

MELROSE HGTS 4TH SEC PB 17-21 LOTS 1 & 2 BLK 46 LOT SIZE 100.000 X 138 OR 20764-3060 1002 2 (2) COC 24602-2548 04 2006 1 Just blocks from Miami’s main NW 36th Street corridor. This versatile property delivers multiple income streams, featuring a spacious restaurant/nightclub generating $9,000 monthly on the ground floor and four residential units producing $7,200 monthly, with potential for 15-20% income growth without major repairs - current in place is $220,000 gross. A well-maintained CBS duplex includes two 2-bed, 1-bath units currently rented below market, presenting immediate upside. The property also includes a yard leased for truck parking and storage, adding $2,140 monthly.

With substantial land banking potential, this property qualifies under the new Live Local SB 102 Act, offering the chance to enhance density and building height for a transformative high-density, mixed-use development.