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1685 Jefferson Ave, Miami Beach FL 33139

Commercial Recently Sold
$4,226,000

BTC: 72.23931624

ETH: 2,650.04483630

Sold on: 2025-05-25
138 days
0 room(s)

Overview

This versatile 20-unit property presents a rare opportunity for apartment, hotel, short-term rental, and food and beverage uses in South Beach’s high-intensity CD-3 Zoning District. Built in 1956, the 8,185-square-foot building includes 18 studios and 2 one-bedroom units on a 7,500-square-foot lot. Positioned between Lincoln Road Mall—featuring 200 retailers, restaurants, and art galleries—and the Miami Beach Convention Center, this site provides unmatched access to dining, shopping, and cultural landmarks. Mostly vacant, with some renovations completed, it’s ready for a new owner’s vision. CD-3 zoning supports varied commercial uses with a density cap of 100 units/acre, FAR of 2.25, and a height allowance up to 75 feet.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1956
Lot:
7500 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,075,000
$1.1M – $4.7M
Confidence Low
List vs. estimate
$2.9M above estimate
List $5,000,000 · +141.0%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
6 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $497K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$54,914
All facts and features
  • Lot

    • Lot: 7500 Square Feet

    Other Property Information

    • Parcel Number: 02-32-34-007-0620

    • Zoning: 6600

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Other financial information

    • Annual tax amount: $54,914

  • Source details

    • MLS ID: A11686110

Private inquiry
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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 ©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: Fausto Commercial Realty Consultants Inc