540 63rd St,Apartments, Residential-Multi-Family

540 63rd St, Miami, Florida, 33138

Price $1,100,000.00

  • Lot size 9000
  • Year Build 1950
  • Waterfront
  • Zip 33138
  • Style
  • Parking Description
  • Pool Yes
  • Status Active

Description

A 5 unit multifamily property located in Miami?s MIMO (Miami Modern). The bldg is conveniently located in a central area w/close proximity to some of Miami?s most desirable locations such as the Miami Design District, Wynwood art district, South Beach, Downtown Miami & Little Havana which are just a few minutes away. The property is walking distance of the Magic City Innovation District located in the MiMo District. The 15 acre development will attract technology companies & retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments.

Tremendous opportunity for short-term rental operators, AirBnb and other platforms. Location off Biscayne is key for this tourism focused area. See attachments for more details on existing income.

18 53 42 NORTH GATE PB 8-88 E25FT LOT 5 & LOT 6 BLK 10 OR 20762-0130 10 2002 1 COC 21988-2626 01 2004 1

A 5 unit multifamily property located in Miami?s MIMO (Miami Modern). The bldg is conveniently located in a central area w/close proximity to some of Miami?s most desirable locations such as the Miami Design District, Wynwood art district, South Beach, Downtown Miami & Little Havana which are just a few minutes away. The property is walking distance of the Magic City Innovation District located in the MiMo District. The 15 acre development will attract technology companies & retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments.

City:Miami,Zoning:T3-L,List A O R:A-Miami Association of REALTORS,Latitude:25.8338693,Malone Id:1016546975,List Price:1100000,Listing Id:A11051489,Longitude:-80.1853488,Mls Status:Active,Year Built:1950,Postal Code:33138,Street Name:63rd St,Coordinates:1:25.8338693,Photos Count:23,Business Type:1:Residential-Multi-Family,Days On Market:23,Lot Size Units:Square Feet,On Market Date:2021-05-15,Parcel Number:01-32-18-024-0850,Property Type:Commercial Sale,Street Number:540,Public Remarks:A 5 unit multifamily property located in Miami?s MIMO (Miami Modern). The bldg is conveniently located in a central area w/close proximity to some of Miami?s most desirable locations such as the Miami Design District, Wynwood art district, South Beach, Downtown Miami & Little Havana which are just a few minutes away. The property is walking distance of the Magic City Innovation District located in the MiMo District. The 15 acre development will attract technology companies & retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments.,County Or Parish:Miami-Dade County,Expiration Date:2022-05-14,Private Remarks:Tremendous opportunity for short-term rental operators, AirBnb and other platforms. Location off Biscayne is key for this tourism focused area. See attachments for more details on existing income.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6173,State Or Province:FL,Street Dir Prefix:NE,Tax Annual Amount:7092,Unparsed Address:540 NE 63rd St, Miami FL 33138,Listing Agreement:Exclusive Right To Sell,Building Area Total:2375,Building Area Units:Square Feet,Lot Size Square Feet:9000,Original List Price:1100000,Public Survey Range:32,I D X Participation Y N:1,Syndication Remarks:A 5 unit multifamily property located in Miami?s MIMO (Miami Modern). The bldg is conveniently located in a central area w/close proximity to some of Miami?s most desirable locations such as the Miami Design District, Wynwood art district, South Beach, Downtown Miami & Little Havana which are just a few minutes away. The property is walking distance of the Magic City Innovation District located in the MiMo District. The 15 acre development will attract technology companies & retailers. The $1 billion project will be developed in multiple phases over several years with the beginning focused on repurposing existing dilapidated factory space. It will be 170,000 SF of industrial space would be converted to commercial and retail use, with plans for an office tower, amphitheater and apartments.,Listing Contract Date:2021-05-15,Originating System I D:miamire,Public Survey Section:18,Street Number Numeric:540,Tax Legal Description:18 53 42 NORTH GATE PB 8-88 E25FT LOT 5 & LOT 6 BLK 10 OR 20762-0130 10 2002 1 COC 21988-2626 01 2004 1,Public Survey Township:32,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2.0%,Contract Status Change Date:2021-05-15,Internet Address Display Y N:1,Internet Consumer Comment Y N:1,Dual Variable Compensation Y N:1,Transaction Broker Compensation:2.0%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,100,000.00
  • Price Change: 2021-06-03
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1950
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2021-06-03
  • Days on Market 57
  • Furnished
  • City Miami
  • Zip 33138
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 7092
  • Taxes Year