545 Michigan Ave, Miami Beach, FL 33139

$2,750,000
List Price
$2,750,000
Price Change
▲ $350,000 1653419971
MLS#
A11125894
Status
ACTIVE
Type
Commercial

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.

Additional Information

Days on Market
223
Tax Amount
$29,952
Parcel Number
02-42-03-009-6260
Lot Size
7,000
Address
545 Michigan Ave, Miami Beach
Year Built
1939

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Calculator source: Real Geeks

Listing courtesy of One Sotheby's International Realty.