Property Listing No Longer Available for Sale

Land for Redevelopment in Miami Beach - 22408

Miami Beach , FL

Land for Sale - $15,000,000 - 12,000 Sq. Ft.

Property Info

CIMLS #970675
LocationLand for Redevelopment in Miami Beach - 22408
Miami Beach FL 33139
Last UpdatedJune 7th, 2018
Building12,000 Sq. Ft.
DemographicsView data

Property Description

Location! Location! One of the few remaining redevelopment opportunities in South Beach. This unique property is zoned mixed use retail/residential, and it is currently comprised of apartments, commercial store fronts, and 14 parking spaces. Property had a major remodel in 1945, according to the tax records. Having a coveted R-PS3 zoning and a municipal code which allows up to 5 floors, this 12,000+ sq. ft. lot can be redeveloped as up to a 40 +/- room boutique hotel, multi-family apartments and/or retail. Per the city of Miami Beach‘s building department, the maximum building size allowed Is 22,750 sf--not inclusive of required parking space, but this should be verified directly by potential buyers. NOTE: The property is not currently being utilized for its highest and best use, however all the units are well-maintained, and the rents on the apartments are on average $1250 per month. For additional information contact Mario Frech at 305-608-5190 or Christina Chong at 95-682-2635.