412 Ocean Dr

    Miami Beach, FL 33139
    • $8,000,000
    • STATUS: Active
    • ON SITE: 204 days
    • MLS #: A10674161
    UPDATED: 10 min ago
    $8,000,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1947
    County:

    School Ratings & Info

    Description

    This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of vacant land on Ocean Drive are over $1,000 per square foot. The property consists of renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total size is 17,250 square feet. Of the total, 11,500 square feet is vacant land. This will permit significant development without historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with then current tenants, paying a nominate rent, that expires in 26 years.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-12-06T21:43:22.087.
    www.castellihomes.com/homes/94790918

    412 Ocean Dr Miami Beach, FL 33139

    • Price: $8,000,000
    • Status: Active
    • Updated: 10 min ago
    • MLS #: A10674161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1947
    Built
    County:
    Miami-Dade
    Property Description
    This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of vacant land on Ocean Drive are over $1,000 per square foot. The property consists of renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total size is 17,250 square feet. Of the total, 11,500 square feet is vacant land. This will permit significant development without historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with then current tenants, paying a nominate rent, that expires in 26 years.
    Exterior Features

    Construction Materials Concrete Block Construction Frontage Length 150 Lot Features Beach AccessCentral Business DistrictCity Location Parking Features AssignedGuest Parking Total 0 Pool Private YN No Roof Built-UpComposition Roll Waterfront YN No

    Interior Features

    Cooling Central Individual A/C Flooring Ceramic Floor Heating Central Individual A/C Stories Total 2

    Property Features

    Association YN No Building Name 3 FOLIO NUMBERS Business Type ApartmentsHotel/Motel Cooling YN Yes Documents Available Aerial Photo(S)DrawingsCopy Of Lease(S)Photos Electric 110 Volts Power Heating YN Yes Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN No Internet Entire Listing Display YN Yes Land Lease YN No Listing Terms Subject To Lease New Construction YN No Ownership Other Ownership Property Sub Type Commercial Security Features Security Lights Senior Community YN No Sewer Public Sanitation Special Listing Conditions Sale Tax Annual Amount 67265 Tax Year 2018 Water Source Public Year Built Details Resale

    Listing courtesy of Re/Max Advance Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-12-06T21:43:22.087.
     
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