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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Listing courtesy of One Sotheby's International Realty.