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233 1st St, Miami Beach FL 33139

Commercial For Sale
$3,900,000

BTC: 60.75749642

ETH: 2,212.21368850

27 days
0 room(s)

Overview

Rare redevelopment opportunity in the heart of South of Fifth. Located at 233 1st Street, this property is positioned on one of Miami Beach’s most desirable streets, moments from the beach, South Pointe Park, marinas, restaurants, and some of the area’s top luxury developments. Zoned C-PS1. Existing structure requires complete renovation/redevelopment and is being sold as-is. Exceptional opportunity for investors, developers, or end users seeking a prime South of Fifth location with long-term upside.

Location

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1924
Lot:
4000 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
$3,200,000
$685K – $5.1M
Confidence Low
List vs. estimate
$700K above estimate
List $3,900,000 · +21.9%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $2.3M
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features
  • Lot

    • Lot: 4000 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-003-1180

    • Zoning: 6502

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Mixed Use

  • Source details

    • MLS ID: A12024132

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: PGutman, LLC