USD 2,750,000

545 Michigan Ave
Miami Beach, Florida 33139

Beds
Baths 0

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
Disclaimer: BBC: 2%, The offer of compensation is made only to participants of the MLS where the listing is filed.
Listing content provided by the Miami Association of REALTORS

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