Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.
- Heating System
- Cooling System
- Parking Features
- Roof:
- Tile
- Sewer
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Street:
- 759 Meridian, Miami Beach, Florida 33139
- Longitude:
- W81° 51' 50.6''
- Latitude:
- N25° 46' 41.5''
- Building Area:
- 3,200 Sqft
- Construction Materials:
- Block
- Cumulative DOM:
- 1
- DOM:
- 1
- Directions:
- From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking.
- Flooring:
- Tile, Laminate
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 02-42-03-070-0001
- Structure Type:
- Multi Family
- Window Features:
- Impact Glass
Commercial Sale For Sale
759 Meridian, Miami Beach, Florida 33139, Miami Beach, Florida 33139
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $1,890,000
- Lot Area :
- 4,200 Sqft
- MLS # :
- A12066561
- Property Sub Type :
- Condominium
