759 Meridian Ave, Miami Beach FL, 33139

Active

759 Meridian Ave

Miami Beach FL, 33139

$1,950,000

$609.38 per sqft

Active

3,200 sqft

Commercial

Built in 1968

Prime Investment Opportunity in South Beach! This income-producing 5-unit boutique building sits on a corner lot at Meridian Ave and 8th Street, one of the most picturesque and desirable locations in Miami Beach. Offering tremendous upside potential, the property is zoned 4900 Multi-Family with a FAR of 1.25, allowing for up to 5,250 sq. ft. of buildable area. A prime candidate for redevelopment, condo deconversion to multi-family, or value-add renovations to increase rental income. Recent updates provide solid rental potential, with 5 tandem partially covered parking spaces accommodating up to 10 cars. An incredible asset in South Beach. Tenants enjoy the convenience of walking to beaches, shops, restaurants, parks, and the sought-after South of Fifth neighborhood

A11711790

MLSⓇ ID

December 19, 2024

Listed

December 20, 2024

Updated

Map

759 Meridian Ave
Miami Beach FL, 33139

Interior Features

Total Stories: 2
Floor Description: Tile, Vinyl
Fireplace: No
Cooling: Yes
Cooling Description: Wall/Window Unit(s)
Heating: Yes
Heating Description: Wall/Window Units

Exterior/Building Features

Lot Size: 0.1 Acres
Roof: Concrete
Sewer: Public Sanitation

Other Property Details

Garage: No
Parking: Assigned, Covered, Guest
Parking Total: 4
View: No
County: Miami-Dade County
Water Source: Public
Pool: No
Zoning: 4900

Listed by: Cervera Real Estate Inc.
Listing Contact: 305-979-9963

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 1:38 AM UTC, 12/20/2024.