759 Meridian Ave ,Free Standing for Sale & Rent

759 Meridian Ave for Sale & Rent

Price $1,950,000.00

• Lot size 4200
• Year Build 1968
• Waterfront
• Zip 33139
• Style
• Parking Description Assigned, Covered, Guest
• Pool Yes
• Status Active

Description

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

Please contact the listing agent directly for showings, financials, or additional property details. The property consists of five separate folio numbers, one for each unit.

759 BUILDING INC CONDOMINIUM

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

City:Miami Beach,Zoning:4900,List A O R:A-Miami Association of REALTORS,Stories:2,Flooring:1:Vinyl,Latitude:25.778157,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,Month To Month,List Price:1950000,Listing Id:A11711790,Longitude:-80.1359072,Mls Status:Active,Ownership:Corporation,Year Built:1968,Directions:From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking spaces.,Postal Code:33139,Street Name:Meridian Ave,Coordinates:1:25.778157,Photos Count:32,Business Type:1:Condominium,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2024-12-19,Parcel Number:02-42-03-070-0001,Parking Total:4,Property Type:Commercial Sale,Stories Total:2,Street Number:759,Public 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,County Or Parish:Miami-Dade County,List Office Name:Cervera Real Estate Inc.,Private Remarks:Please contact the listing agent directly for showings, financials, or additional property details. The property consists of five separate folio numbers, one for each unit.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Parking Features:1:Covered,2:Guest,Postal Code Plus4:6138,Property Sub Type:Income/MultiFamily,State Or Province:FL,Unparsed Address:759 Meridian Ave, Miami Beach FL 33139,Building Features:1:Landscaped,2:Natural Gas,3:Outside Storage,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3200,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:4200,Number Of Buildings:1,Original List Price:1950000,Public Survey Range:42,Documents Available:1:Deed,2:Copy Of Lease(S),I D X Participation Y N:1,Syndication 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,Financial Data Source:1:Owner Provided,2:Projected Pro-Forma,Listing Contract Date:2024-12-19,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Call Listing Agent,See Broker Remarks,Showing Assist,Street Number Numeric:759,Tax Legal Description:759 BUILDING INC CONDOMINIUM,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Property currently operates as a 5-unit income-producing building with redevelopment potential. Zoned 4900 Multi-Family.,M I A M I R E_ Showing Time Flag:1,Contract Status Change Date:2024-12-19,Internet Address Display Y N:1,Number Of Units In Community:5,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,