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759 Meridian, Miami Beach FL 33139

Commercial For Sale
$1,890,000

BTC: 29.20271941

ETH: 993.35659925

8 days
0 room(s)

Overview

Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
Additional Spaces Available / Guest
Year Built:
No Data
Lot:
4200 Square Feet
Heating:
Wall/Window Units
Price/sqft:
No Data
Cooling:
Wall/Window Unit(s)
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$399,000
$234K – $2.1M
Confidence Low
List vs. estimate
$1.5M above estimate
List $1,890,000 · +373.7%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
25 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $371K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Parking
5 spaces
All facts and features

  • Flooring

    • Tile

    Heating

    • Wall/Window Units

    Cooling

    • Wall/Window Unit(s)

  • Parking

    • Additional Spaces Available

    • 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: A12066561

    Other facts

    • Construction Materials: CBS Construction

    • Lot Features: Corner Lot

    • Window Features: Partial Impact Glass

    • 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
976
median $549K
Active
Same city
Miami Beach
2,369
median $625K
Active
Same type
Commercial
155
median $1.9M
Active
Similar price
$1.3M – $2.5M
249
median $1.8M
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: Location3 International, LLC.