MELROSE HEIGHTS 5TH SEC

3590 NW 36th St, Miami FL 33142

Closed

$1,700,000

6.85%

Est. Payment $9,048/mo

MLS Sheet Video

202

Days on Market

Description

This property offers a compelling investment opportunity, combining immediate income with substantial development potential. Currently generating income from a car dealership, it provides a reliable revenue stream. The 13,946 square-foot lot, featuring a 1,450 square-foot structure, allows for significant development—up to 48 units in an 8+ floor building, or potentially 12 floors with bonuses. Located on a prime corner between NW 36 Avenue and NW 36 Street, it boasts high visibility and easy access to major expressways, enhancing its appeal for both commercial and residential projects. This property is ideal for investors seeking both short-term returns and long-term growth potential.

Facts

MLS#
A11807115
Subdivision
MELROSE HEIGHTS 5TH SEC
Property Type
Commercial Land
Property Sub Type
Year Built
Lot Size
13,939 ft²
Sq. Ft.
Sq. Mt.
Price per sq. ft.
Price per sq. mt.
Stories
Garage
Pool
Days on Market
202 days
Listed
May 20, 2025
Last Updated
Mar 6, 2026
Price/Lot Sq.Ft.
$122/ft²

Comparable homes

Same ZIP, similar price + bedrooms.

Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

September 2026

100/100
Buyers marketSellers market

22

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

3/6/2026Sold$1,700,000
8/22/2025Price change$1,700,000-6.8%
5/20/2025Listed for sale$1,825,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

3590 NW 36th St, Miami FL 33142Directions

Estimated Monthly Payment

$10,615/mo

Principal & Interest

$9,048

Property Tax

$1,417

Insurance

$150

HOA

$0

20% ($340,000)
7.00%
30 years
1.00% (FL avg ~1.0%)
$0/mo
$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Rangely Adames

Sales Associate | Sunland Group

Hablo Español

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