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$4,200,000
Est. payment /mo
7,728 SqFt
UPDATED:
12/05/2024 09:00 PM
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,728 sqft
Price per Sqft $543
MLS Listing ID A11704277
HOA Y/N No
Year Built 1952
Annual Tax Amount $15,568
Lot Size 5,650 Sqft
Property Sub-Type Multi Family
Property Description
This is a unique chance to acquire a prime piece of real estate in one of Miami's fastest-growing areas. The property offers exceptional potential for developers seeking to capitalize on the booming demand for luxury living in Miami Beach.
Currently, the site features a two-story multifamily building with four income-producing units, providing a stable revenue stream. However, the true value lies in the approved project: a 7-story building comprising 14 luxury units, ideal for high-end buyers or renters seeking proximity to Miami Beach's renowned restaurants, shopping centers, and pristine beaches.
Seize this rare opportunity to build a landmark development in one of the most sought-after locations in South Florida, combining long-term income stability with high-growth potential.
Currently, the site features a two-story multifamily building with four income-producing units, providing a stable revenue stream. However, the true value lies in the approved project: a 7-story building comprising 14 luxury units, ideal for high-end buyers or renters seeking proximity to Miami Beach's renowned restaurants, shopping centers, and pristine beaches.
Seize this rare opportunity to build a landmark development in one of the most sought-after locations in South Florida, combining long-term income stability with high-growth potential.
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Building
Story 7
Others
Tax ID 02-32-02-007-1120
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11704277
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Listed by Beachfront Realty Inc