560 Michigan Ave

Miami Beach, FL, 33139

$7,600,000

$1,439 per ft²
$7,600,000
$1,439 per ft²
Active
Active
 - For Sale
carpenters-square
5,281 ft²
property_type
Multi-family
calendar
Built 1937
This is a Package Sale. Properties at 560 Michigan Avenue and 550 Michigan Avenue are being sold as a package for a total price of $ 7,800,000. Recently renovate in a mixed use zone CPS-2, which allow short-term rental, hotel use, medical and office use. The properties are gated which include a private parking up to 10 parking spot. 9 units apartment buildings offering a mix of five 1-bed/1-bath and four 2-bed/2-bath. Both building are licensed for short term rental. FAR 2.0, these properties can be developed in hotel up to 50 rooms. It include an office and a laundry room in the parking area. Located on 5th street it is walking distance to the beach of Ocean Drive, shops at the mall on 5th street and grocery.
MLS® ID:
A11212563
Listed:
5/24/22
Updated:
7/5/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Floor Description
Carpet, Marble, Parquet
Cooling
Zoned
Heating
Zoned

Exterior/Building Features

Lot Size
5,524 ft² lot
Architectural Style
Detached
Lot Details
Less Than 1/4 Acre Lot
Roof
Other
Sewer
Public Sewer

Other Property Details

Area Name
Ocean Beach Addn No 3
Taxes
$29775
Tax Frequency
per YEAR
Garage
No
Parking
N
Parking Total
9.0
View
N
County
Miami-Dade County
Pool
No
Total Stories
2
Zoning
6503

Property History

Date
Event
Price
Value
6/21/22
Price Change
$7,600,000
-1%
6/9/22
Price Change
$7,700,000
-1%

Courtesy of The Corcoran Group

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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