Michael Davalos, P.A.

Multi Family 28 units

Miami Beach, FL

$5,600,000

27,221 SF

53,550 SF LOT 

Land development

Miami Beach, FL

$2,300,000

8,750 SF

7,000 SF LOT 

Land for Sale 

 

Price: $4,250,000

Lot Size: 11,751

Zoning: RM1 with special Variance for Hotel usage 30 Rooms

Max living area: 14,688

Current living area: 8,506 - 2 floors

 

Description:

 

Chance to own a lucrative boutique apartment building with a transient license in place for 30 units. This property scores an 88 walk score and is considered very walkable. Normally the RM-1 zoning only allows rentals of 6 months to one year, the transient license on this property lets you tap into the lucrative short term rental market. The prime location gives it plenty of exposure. A prime piece of land located near the Central Business District or "Town Center" of Miami Beach's newest hot spot "NOBE" or North Beach. This site is uniquely situated fronting 69th street, Indian Creek Drive, and Byron Avenue. The current owner holds a transient license for 30 rooms with the City. Current price per key is $142K. Property is in need of upgrades . 

 

This is your chance to leave your mark in Miami Beach. This area is experiencing a developer rush at the moment. Terra Group has began work on 87th street project, and the city is committed to redeveloping the North Shore park.