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    1685 Jefferson Ave Miami Beach, FL 33139

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    For Sale
    $5,000,000

    20-unit property near Lincoln Road Mall, suitable for varied uses.

    Lot size:
    0.17 Acres

    Property Features for 1685 Jefferson Ave

    General Information

    Lot size
    0.17 Acres

    Building Details

    Year built
    1956

    Source: Fausto Commercial Realty Consultants Inc Agent Antonio Saladrigas

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Beach Multifamily Opportunity

    This 20-unit property, constructed in 1956, offers potential for apartment, hotel, short-term rental, and food and beverage uses. The 8,185-square-foot building is situated on a 7,500-square-foot lot and contains 18 studios and 2 one-bedroom units. Located in South Beach, the property benefits from its high-intensity CD-3 Zoning District. Its position between Lincoln Road Mall, featuring 200 retailers, restaurants, and art galleries, and the Miami Beach Convention Center provides access to dining, shopping, and cultural landmarks. The property is mostly vacant and has undergone some renovations. The CD-3 zoning supports varied commercial uses with a density cap of 100 units/acre, a Floor Area Ratio (FAR) of 2.25, and a height allowance up to 75 feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Law Firm Dental Office Spa & Massage Realty agency Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.137371
    Latitude
    25.791845

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    FAQs

    What type of property is this?
    Apartment building - 20-unit property near Lincoln Road Mall, suitable for varied uses.
    Where is this apartment building located?
    The property is located at 1685 Jefferson Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $5,000,000.
    What are key features of this property?
    This property features: - Unmatched location between Lincoln Road Mall and the Miami Beach Convention Center.; - Rare opportunity for varied uses (apartment, hotel, short-term rental, food & beverage) due to CD-3 zoning.; - High-density CD-3 zoning allows for significant development potential (100 units/acre, FAR 2.25, 75 ft height).
    (786) 378-1850
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    Miami Beach, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1685 Jefferson Ave Miami Beach, FL 33139
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