NOT LISTED FOR SALE

350 NW 24th St Miami, FL 33127

Wynwood Neighborhood
-- Bed
-- Bath
37,597 Sq Ft
0.86 Acres

Last Sold November 07, 2016

Last sale price $16,400,000 $436 Per Sq Ft

46 Days on Market

Highlights

  • 37,597 Sq Ft lot
  • Concrete Flooring
  • 1-Story Property
  • No HOA

About This Home

As of November 2016

This multi-folio site totals over 37,000 square feet of land with income and goes through from 23rd to 24th streets in the heart of Wynwood. New zoning will allow up to 129 units with retail on the ground floor facing two streets. Includes 301 & 311 NW 23 Street.

Last Agent to Sell the Property

David Lombardi

Lombardi Properties License #0602540 Listed on: 09/21/2015

Last Buyer's Agent

David Lombardi

Lombardi Properties License #0602540 Listed on: 09/21/2015

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $36,940

Year Built

  • Built in 1968

Lot Details

  • 0.86 Acre Lot
  • Property is zoned 70/INDUS

Home Design

  • Composition Roof
  • Built-Up Roof

Interior Spaces

  • 1-Story Property
  • Concrete Flooring

Parking

  • 20 Parking Spaces
  • Assigned Parking

Utilities

  • Three-Phase Power

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Assessor Parcel Number 01-31-25-034-0320

Property Details

Property Type

Other

Est. Annual Taxes

$36,940

Year Built

Built in 1968

Lot Details

0

Listing Details

  • Property Type: Commercial Sale
  • Year Built: 1968
  • Property Sub Type: Lease
  • Business Type: Mini Warehouse
  • Directions: ONE BLOCK WEST OF NW 2ND AVENUE ON 24TH STREET.
  • Horses: No
  • New Construction: No
  • Building Stories: 1
  • Structure Type: Lease, Free Standing
  • ResoPropertyType: CommercialSale
  • Special Features: None
  • Stories: 1

Interior Features

  • Flooring: Concrete
  • Possible Use: Investment
  • Stories: 1

Exterior Features

  • Roof: Built-Up, Composition Roll
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 20

Utilities

  • Electric: 3 Phase Electric
  • Electricity On Property: Yes

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-25-034-0320
  • Current Use: Commercial Lease
  • Lot Size Sq Ft: 37597
  • Zoning: 70/INDUS
  • ResoLotSizeUnits: SquareFeet

Tax Info

  • Tax Annual Amount: 36940

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Sep 21, 2015
Closed on
Nov 4, 2016
Sold by
Pompei Warehouses Llc
Bought by
Pompeii Realty Llc
Seller's Agent
David Lombardi
Lombardi Properties
Buyer's Agent
David Lombardi
Lombardi Properties
List Price
$16,900,000
Sold Price
$16,400,000
Premium/Discount to List
-$500,000
-2.96%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$110,000,000
Outstanding Balance
$88,477,653
Interest Rate
3.48%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Dec 10, 2002
Sold by
Nitram Partners Ltd
Bought by
Pompei Warehouses Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$880,000
Interest Rate
8%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Jun 7, 1994
Sold by
Elias Alvin and Elias Lenore
Bought by
Miami Metal Prod Inc
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Pompeii Realty Llc $16,420,000 Attorney
Pompei Warehouses Llc $1,078,000 --
Miami Metal Prod Inc $265,000 --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Pompeii Realty Llc $110,000,000
Previous Owner Pompei Warehouses Llc $880,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
11/07/2016 11/07/16 Sold $16,400,000 -3.0% $436 / Sq Ft
11/06/2015 11/06/15 Pending -- -- --
09/21/2015 09/21/15 For Sale $16,900,000 -- $450 / Sq Ft
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $195,372 $9,246,003 -- --
2024 $183,552 $8,405,458 -- --
2023 $183,552 $7,641,326 $0 $0
2022 $191,793 $8,672,892 $0 $0
2021 $197,245 $8,673,271 $0 $0
2020 $192,145 $9,719,222 $9,172,150 $547,072
2019 $181,224 $9,695,736 $9,172,150 $523,586
2018 $175,315 $9,000,353 $8,466,600 $533,753
2017 $190,881 $9,010,521 $0 $0
2016 $88,116 $1,534,185 $0 $0
2015 $54,315 $1,394,714 $0 $0
2014 $36,941 $1,267,922 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • David Lombardi

    Seller's Agent in 2016

    David Lombardi

    Lombardi Properties

    (305) 490-5767

    2 Total Sales

    David Lombardi
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A2177601

MIAMI REALTORS® MLS

APN: 01-3125-034-0320

Florida Miami/Dade County Miami 33127 Wynwood

350 NW 24th St, Miami, FL

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