545 Michigan Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Residential Income

  • $2,750,000
545 Michigan Ave, Miami Beach FL 33139
  • Quadruplex
  • Property Type
  • 5466
  • Square Feet
  • 1939
  • Year Built

Overview

  • Quadruplex
  • Property Type
  • 5466
  • Square Feet
  • 1939
  • Year Built

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.

  • Address Michigan Ave
  • City Miami Beach
  • State/county Miami-Dade County
  • Zip/Postal Code 33139
  • Area OCEAN BEACH ADD NO 3

Details

Updated on July 22, 2022 at 4:32 pm
  • Price: $2,750,000
  • Property Size: 5466 Square Feet
  • Year Built: 1939
  • Property Type: Quadruplex
  • Property Status: Residential Income

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