560 Michigan Ave ,Mixed Use for Sale

560 Michigan Ave for Sale

Price $5,950,000.00

• Lot size 10000
• Year Build 1937
• Waterfront
• Zip 33139
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms as well as central AC. This property is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower and City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. The zoning is CPS2 commercial - residential mix used - FAR 2, which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

Please contact co-listing agent for showings.

3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006

Corner Lot

This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms as well as central AC. This property is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower and City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. The zoning is CPS2 commercial - residential mix used - FAR 2, which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

City:Miami Beach,Zoning:6503,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Parquet,Latitude:25.7756264,Cooling Y N:1,Heating Y N:1,List Price:5950000,Listing Id:A11577527,Longitude:-80.1385446,Mls Status:Active,Ownership:Corporation,Year Built:1937,Inclusions:Building & Land,Furniture,License,Postal Code:33139,Street Name:Michigan Ave,Coordinates:1:25.7756264,Photos Count:45,Days On Market:176,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2024-04-22,Parcel Number:02-42-03-009-7780,Parking Total:9,Property Type:Commercial Sale,Stories Total:2,Street Number:560,Public Remarks:This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms as well as central AC. This property is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower and City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. The zoning is CPS2 commercial - residential mix used - FAR 2, which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.,County Or Parish:Miami-Dade County,List Office Name:The Corcoran Group,Private Remarks:Please contact co-listing agent for showings.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:6318,Property Sub Type:Income/MultiFamily,Special Licenses:1:County Licenses,2:State Licenses,State Or Province:FL,Tax Annual Amount:32307,Unparsed Address:560 Michigan Ave, Miami Beach FL 33139,Building Features:1:County Licenses,Listing Agreement:Exclusive Right To Sell,Security Features:1:Smoke Detector(s),2:Security Fence,Building Area Total:5524,Building Area Units:Square Feet,Lot Size Square Feet:10000,Number Of Buildings:2,Original List Price:6900000,Previous List Price:6450000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks:This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms as well as central AC. This property is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower and City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. The zoning is CPS2 commercial - residential mix used - FAR 2, which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.,Listing Contract Date:2024-04-22,Originating System I D:miamire,Street Number Numeric:560,Tax Legal Description:3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Two remodeled corner buildings in South Beach, offering one and two bedrooms apartments, licensed short term rentals.,Contract Status Change Date:2024-04-22,Internet Address Display Y N:1,Number Of Units In Community:9,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,