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545 Michigan Ave

Miami Beach, FL 33139
  • $2,750,000
  • STATUS: Active
  • ON SITE: 144 Days
  • MLS #: A11155803
UPDATED: 49 min ago
$2,750,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,466
    SQFT
  • $503
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1939
County:

School Ratings & Info

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.

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Copyright 2022, 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 2022, 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 2022-06-28T10:51:35.857.
www.castellihomes.com/homes/125336348
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545 Michigan Ave Miami Beach, FL 33139

  • Price: $2,750,000
  • Status: Active
  • On Site: 144 Days
  • Updated: 49 min ago
  • MLS #: A11155803
0
Beds
0
Baths
0
½ Baths
N/A
Acres
5,466
SQFT
$503
$/SQFT
1939
Built
Neighborhood:
Ocean Beach Add No 3
County:
Miami-Dade
Area:
Ocean Beach Add No 3
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.
Exterior Features

Architectural Style Detached Construction Materials Concrete Block Construction Lot Features Less Than 1/4 Acre Lot Parking Total 5 Pool Private YN No Roof Curved/S-Tile Roof View YN No Waterfront YN No

Interior Features

Cooling Central Air Flooring Tile Heating Central Heating YN Yes Stories 2

Property Features

Association YN No Building Name Ocean Beach Add No 3 Cooling YN Yes Documents Available Financial Statement Horse YN No Listing Terms All CashCash New Construction YN No Property Sub Type Quadruplex Public Survey Section 3 Rent Includes None Senior Community YN No Sewer Public Sewer Structure Type QuadruplexFourplex Tax Annual Amount 29952 Tax Year 2021 Year Built Details Effective Year Built Zoning 6503

Listing courtesy of One Sotheby's International Realty.


Copyright 2022, 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 2022, 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 2022-06-28T10:51:35.857.
 
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Castelli Real Estate Services
2227 Wilton Drive
Fort Lauderdale FL, 33305