759 Meridian Ave, Miami Beach, FL 33139

 
MLS #: A11711790
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Price: $1,950,000 MLS Number: A11711790  Commercial / Investment
 Address: 759 Meridian Ave, Miami Beach, Florida 33139 USA
 Year Built: 1968
 
 Lot Square Feet: 4,200
 
 Lot Dimensions: 4200
 
 
 Remarks:
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
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