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$5,000,000
Est. payment /mo
8,185 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 8,185 sqft
Price per Sqft $610
MLS Listing ID A11686110
HOA Y/N No
Year Built 1956
Annual Tax Amount $54,914
Contingent Other
Lot Size 7,500 Sqft
Property Sub-Type Mixed Use
Property Description
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
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 02-32-34-007-0620
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11686110
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Listed by Fausto Commercial Realty Consultants Inc