USD 2,750,000
545 Michigan Ave
Miami Beach, Florida 33139
Property Description
Commercially zoned, short-term rental building steps from the 5th Street gateway to South Beach. The property is a gated 8-unit apartment building offering a mix of 1-bed/2-bath units and studios, with 5 parking spaces. The building is offered vacant, allowing a new owner the flexibility to develop and/or reposition the property. All 8 units are licensed for short term rentals of 30 days or more. With CPS2 commercial zoning - FAR 2.0, the property
can be developed into a 14,000 SF building. Create Airbnb suites or a 30+ room boutique hotel close to multimillion dollar residential and retail developments, easy walking distance to the beach, shops and fine dining. Zoning also allows for medical or office use. The building has been recertified until 2029.
Listed by One Sotheby's International Realty
Property Details
- ID #
- A11125894
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33139
- Year Built
- 1939
- Construction
- Concrete Block Construction
- Electric Service
- 110 Volts Power
- Occupancy
- Tenant Occupied
- Parking
- Assigned Parking
- Road Type
- Two Lane
- Type of Building
- Residential-Multi-Family
- Utilities
- Internet
- Zoning Information
- 6503
