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759 Meridian Ave, Miami Beach FL 33139

Commercial For Sale
$1,950,000

BTC: 20.31250000

ETH: 573.63739057

New
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

Prime Investment Opportunity in South Beach! This income-producing 5-unit boutique building sits on a corner lot at Meridian Ave and 8th Street, one of the most picturesque and desirable locations in Miami Beach. Offering tremendous upside potential, the property is zoned 4900 Multi-Family with a FAR of 1.25, allowing for up to 5,250 sq. ft. of buildable area. A prime candidate for redevelopment, condo deconversion to multi-family, or value-add renovations to increase rental income. Recent updates provide solid rental potential, with 5 tandem partially covered parking spaces accommodating up to 10 cars. An incredible asset in South Beach. Tenants enjoy the convenience of walking to beaches, shops, restaurants, parks, and the sought-after South of Fifth neighborhood

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
Assigned / Covered / Guest
Year Built:
1968
Lot:
4200 Square Feet
Heating:
Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data
All facts and features

  • Flooring

    • Tile

    • Vinyl

    Heating

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • Assigned

    • Covered

    • Guest

    Lot

    • Lot: 4200 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-070-0001

    • Zoning: 4900

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Source details

    • MLS ID: A11711790

    Other facts

    • Construction Materials: CBS Construction

    • Window Features: Partial Impact Glass

    • Water Source: Public

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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 ©2024-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: Cervera Real Estate Inc.