545 Michigan Ave

Miami Beach, FL, 33139

$2,750,000

$503 per ft²
$2,750,000
$503 per ft²
Active
Active
 - For Sale
carpenters-square
5,466 ft²
property_type
Multi-family
calendar
Built 1939
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.
MLS® ID:
A11155803
Listed:
6/30/21
Updated:
7/5/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Tile
Cooling
Central Air
Heating
Central

Exterior/Building Features

Architectural Style
Detached
Lot Details
Less Than 1/4 Acre Lot
Roof
Curved/S-Tile Roof
Sewer
Public Sewer

Other Property Details

Area Name
Ocean Beach Add No 3
Taxes
$29952
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
5.0
View
N
County
Miami-Dade County
Pool
No
Total Stories
2
Zoning
6503

Property History

Date
Event
Price
Value
5/25/22
Active
-
-
5/25/22
Price Change
$2,750,000
114%
4/18/22
Active Under Contract
-
-
3/15/22
Price Change
$2,400,000
-4%
3/2/22
Price Change
$2,500,000
-9%

Courtesy of One Sotheby's International Realty

Based on information from 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. 

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Data last updated 8:52 AM UTC, 7/5/22.

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