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Land in Miami Beach, FL 33139Ocean Beach, 1020 Pennsylvania Ave
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OFF MARKET
$2,250,000
0.16
AcreStatus
OFF MARKETExpired
Size
0.16 Acres (650 m2)
Price
$14,062,500/Acre ($3,460/m2)
Type
Land
MLS Number
A11186360
On Site
1622 Days
Updated
1285 Days ago
Page Views
0
RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY This is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Additionally parking regulations were eliminated in 2017 which gives the developer who purchases this site more sellable building area. Incredible location only 1 block from Washington Ave, 2 blocks from Collins, and 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7,000 LAND SF site has 8,750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Architectural drawings & surveys are available upon request.
Features
All features
- Property SqFt: 7000
- Remarks: RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY This is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Additionally parking regulations were eliminated in 2017 which gives the developer who purchases this site more sellable building area. Incredible location only 1 block from Washington Ave, 2 blocks from Collins, and 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7, 000 LAND SF site has 8, 750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Architectural drawings & surveys are available upon request.
- Internet Remarks: RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY This is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Additionally parking regulations were eliminated in 2017 which gives the developer who purchases this site more sellable building area. Incredible location only 1 block from Washington Ave, 2 blocks from Collins, and 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7, 000 LAND SF site has 8, 750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Architectural drawings & surveys are available upon request.
- Waterfront: No info
- Directions: East
- Days on Market: 273
- Office Name: Beach City Realty
- Area: 7000
- Taxes: 26842
- Tax Year: 2021
- Listing Date: 2022-04-07T12:49:18.000-00:00
- Lot Size Square Feet: 7000
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
04/07/2022
Listed
$2.3M
$321 ft2
$3,460 m2
04/07/2022
$2.3M
Event
Listed
Price Per
$321 ft2
$3,460 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Michael Benmeleh • Beach City Realty • Buyer Agency Compensation .
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Scores
95
100
53
100
77
100
78
100
0
100
28
100
2
100
Community Snapshot
3 – 4 BR
Bedrooms
$2.2M – $4.4M
Price Tier
504 - 9,503
SqFt Range
1946
Year Build
3
Total Floors
Subdivision Amenities
Laundry
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