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1770 Meridian Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Sale

$12,990,000

Commercial Sale Active

1770 Meridian Ave, Miami Beach FL 33139

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Commercial Sale Active

1770 Meridian Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Sale

1770 Meridian Ave, Miami Beach FL 33139

$12,990,000

Overview

Income/MultiFamily
Property Type

1954
Year Built

Description

SOUTH BEACH – Income-producing, 31-unit apartment building in a strategic corner location between the Miami Beach Golf Club and Lincoln Road, across the street from the new 5.8 acre Pride Park, the Miami Beach Convention Center and City Hall. The two-story, courtyard property offers a mix of studios, one and two-bedroom units plus a laundry room in a lush, tropical garden setting. 22 studios, 4 one-bed, 5 two-bed units. RM-2 zoning allows for 14,000+ additional square footage in a world-class destination. Cash-flowing with high occupancy As-Is. Opportunity to renovate or redevelop for short term or long term rentals.

Address

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Address Meridian Ave
City Miami Beach
State/county Miami-Dade County
Zip/Postal Code 33139

Details

Updated on August 12, 2024 at 11:21 pm

Property ID: A11538221
Price: $12,990,000
Year Built: 1954
Property Type: Income/MultiFamily
Property Status: Commercial Sale

Additional details

PublicSurveyRange: 32
ShowingInstructions: 24 Hour Notice,Appointment Only
ListAgentKey: 9f0aa4d54b513233805fbe171e022f33
TaxLegalDescription: 34 53 42 GOLF COURSE SUB AMD PL PB 6-26 LOT 10 & N12.5FT LOT 9 & N1/2 OF LOT 8 & S37.5FT LOT 9 BLK 21 LOT SIZE 125.000 X 150 OR 17926-4846-8
OnMarketDate: 2024-02-15
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2024-02-15
MajorChangeTimestamp: 2024-02-23T16:25:51.170Z
PhotosCount: 10
SubAgencyCompensation: 2%
Cooling: Wall/Window Unit(s)
StatusChangeTimestamp: 2024-02-23T16:25:51.170Z
SecurityFeatures: Smoke Detector(s)
PriceChangeTimestamp: 2024-02-22T22:31:45.747Z
ListingKeyNumeric: 392296658
MajorChangeType: New
ListingContractDate: 2024-02-15
Zoning: 4000
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 107711
ListOfficeName: One Sotheby's International Re
CurrentUse: Income Non-Waterfront
OriginatingSystemKey: miamire
BusinessType: Apartments,Residential-Multi-Family
DualVariableCompensationYN: 1
PhotosChangeTimestamp: 2024-02-23T16:28:48.503Z
RoadFrontageType: City Street
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 305-538-9711
MlsStatus: Active
StreetNumber: 1770
LeaseTerm: Annual Lease,Month To Month
ListingKey: 99046dde625ed707565d7eb2fe7e704d
StateOrProvince: FL
FrontageLength: 125
ListOfficeKey: 138aefdc6447f8d413f3867e4e6322d8
BridgeModificationTimestamp: 2024-08-12T20:38:10.103Z
ListAgentFullName: Susan Gale
Roof: Built-Up
ListAgentOfficePhone: 305-538-9711
Stories: 2
ParcelNumber: 02-32-34-007-0320
YearBuiltDetails: Resale
OtherExpense: 0
Possession: Funding,Negotiable
LeaseConsideredYN: 1
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 0394993
WaterSource: Public
LotSizeDimensions: 125x150
StoriesTotal: 2
ModificationTimestamp: 2024-08-12T20:36:59.887Z
OriginatingSystemID: miamire
DaysOnMarket: 179
TransactionBrokerCompensation: 2%
BuyerAgencyCompensationType: %
ListOfficeMlsId: OSIR03
Inclusions: Building & Land
ListAgentDirectPhone: 305-695-4253
StreetNumberNumeric: 1770
ParkingFeatures: On Street
PostalCodePlus4: 1856
NumberOfUnitsInCommunity: 31
Sewer: Public Sanitation
SyndicationRemarks: SOUTH BEACH – Income-producing, 31-unit apartment building in a strategic corner location between the Miami Beach Golf Club and Lincoln Road, across the street from the new 5.8 acre Pride Park, the Miami Beach Convention Center and City Hall. The two-story, courtyard property offers a mix of studios, one and two-bedroom units plus a laundry room in a lush, tropical garden setting. 22 studios, 4 one-bed, 5 two-bed units. RM-2 zoning allows for 14,000+ additional square footage in a world-class destination. Cash-flowing with high occupancy As-Is. Opportunity to renovate or redevelop for short term or long term rentals.
StructureType: Free Standing
ListAgentStateLicense: 0394993
PublicSurveyTownship: 32
StreetName: Meridian Ave
ListingAgreement: Exclusive Right To Sell
PublicSurveySection: 34
SpecialListingConditions: Sale
NumberOfBuildings: 1
OriginalListPrice: 12990000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
BuyerAgencyCompensation: 2%
TaxYear: 2023
BuildingFeatures: Landscaped,Laundry Facilities
OriginalEntryTimestamp: 2024-02-23T16:25:51.170Z
SourceSystemKey: 392296658
Ownership: Corporation
LotFeatures: City Location,Corner Lot
ConstructionMaterials: CBS Construction
LotSizeSquareFeet: 18750
TenantPays: Electricity,Gas
BuildingAreaTotal: 23234
TransactionBrokerCompensationType: %