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Multifamily in Miami Beach, FL 33139Ocean Beach, 545 Michigan Ave
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OFF MARKET
$2,950,000
5,466
SqFtStatus
OFF MARKETExpired
Size
5,466 SqFt (508 m2)
Price
$540/SqFt ($5,809/m2)
Type
Multifamily
Built
1939
MLS Number
A11155803
On Site
1685 Days
Updated
1354 Days ago
Page Views
0
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.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
- Heating Description: Central
- Cooling Description: CentralAir
Building and Construction
- Floor Description: Tile
- Year Built: 1939
- Year Built Description: Effective Year Built
- Style: Fourplex
Waterfront and Water Access
- Waterfront Frontage: No info
School Information
Other Property Info
- Listing Date: 2022-02-03T10:10:24.490-00:00
Taxes, Fees & More
- Taxes: 29952
Apples-to-Apples Comparables
Price History
Date
Event
Price
Change
Price Per
10/04/2022
Listed
$3M
$540 ft2
$5,809 m2
10/04/2022
$3M
Event
Listed
Price Per
$540 ft2
$5,809 m2
Price per square foot and days on website are not provided values and are calculated by Subdivisions.
Listed by Susan Gale • One Sotheby's International Re • 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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