Commercial Real Estate Property For Sale In Miami Beach

545 Michigan Ave Miami Beach, FL 33139
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$2,400,000

  • 1939 Year Built
  • Nov 17, 2021 Listing Date

MLS #

:

A11125894

Price

:

$2,400,000

Status

:

Active

Listing Date

:

Nov 17, 2021

Square Footage

:

Not Available

County

:

Miami-Dade

Square Footage

:

Not Available

Year Built

:

1939

Taxes

:

$29,952 Per Year

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

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 propertycan 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.

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