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1550 Meridian Ave, Miami Beach FL 33139

Commercial Recently Sold
$2,725,000

BTC: 42.57812500

ETH: 1,560.71019473

Sold on: 2022-06-27
12 days
0 room(s)

Overview

Renovated eight-unit multifamily building lies in the heart of South Beach’s most desirable district. 8 units are generously scaled 1-Bedrooms and renovated .5,231 leasable SF on a 7500-square foot lot. All Units feature wood floors, newer kitchens and baths, and many original details. exterior features new impact windows and doors, new awnings, common area upgrades, plaster and paint, new fencing, and landscape. Jacuzzi & opportunity to develop another building 3 stories, 4,414 SF. 2mn Walking distance to Lincoln Road Mall, Flamingo Park, the Beach, New Convention Center, the renaissance of Alton Road, and the Entertainment District make it an attractive place to live for business owners and young professionals alike.

Location

Florida • Miami Beach • 33139 • Commercial • Recently Sold

Details

Type:
Commercial Sale
Parking:
On Street
Year Built:
1937
Lot:
7499 Square Feet
Heating:
Central Electric
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,825,000
$1.2M – $3.2M
Confidence Low
List vs. estimate
At estimate
List $2,850,000 · +0.9%
List is in line with recent comparable activity.
Based on
12 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $330K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$37,524
All facts and features

  • Flooring

    • Ceramic Floor

    • Wood

    Heating

    • Central Electric

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • On Street

    Lot

    • Lot: 7499 Square Feet

    Other Property Information

    • Parcel Number: 02-32-34-002-1270

    • Zoning: 3900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Green energy

    • Appliances

    • Doors

    • HVAC

    • Lighting

    • Windows

  • Other financial information

    • Annual tax amount: $37,524

  • Source details

    • MLS ID: A11190125

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Stucco / Plaster

    • Lot Features: Central Business District / City Location / Inside Lot / In Residential Area

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33139
1,079
median $588K
Active
Same city
Miami Beach
2,606
median $650K
Active
Same type
Commercial
153
median $1.9M
Active
Similar price
$2.0M – $3.7M
237
median $2.7M
Active

The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: One Sotheby's International Realty