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
TypeLand
Price$15,000,000
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.


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