1580 Bay Rd Miami Beach, FL 33139
Corner assemblage near Lincoln Rd, Whole Foods, and Sunset Harbour.
Lot size:
0.35 AcresProperty Features for 1580 Bay Rd
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 0.35 Acres
Building Details
- Year built
- 1954
Source:
Elliman
Listing Agent: Shana Santalla
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Miami Beach Development Opportunity
This is a rare corner assemblage development opportunity in Miami Beach. The site consists of three parcels, including three fully leased fourplexes, situated on 15,250 square feet of land. The location is in a quiet, bay access, no-flood zone, steps from Lincoln Road, a new 50,000 square foot Whole Foods under construction, and Sunset Harbour. The zoning is RM-2 with a 2.0 FAR and a 60-foot height allowance as-of-right, permitting approximately 30,500 buildable square feet, ideal for 30 boutique luxury condominium units. The existing 12 units, featuring 24 beds and 18 baths, can generate income during the planning phase. The property is surrounded by high-performing luxury projects such as Monad Terrace and Capri. There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued. The intended use of the property is for commercial and residential development.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.143837
- Latitude
- 25.7887
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Corner assemblage near Lincoln Rd, Whole Foods, and Sunset Harbour.
Where is this commercial land located?
The property is located at 1580 Bay Rd Miami Beach, FL.
What is the asking price?
The asking price for this property is $8,700,000.
What are key features of this property?
This property features: - Rare corner assemblage development opportunity in Miami Beach.; - Zoned RM-2 with 2.0 FAR and 60-ft height, allowing approximately 30,500 buildable SF.; - Potential for increased height and FAR (up to 3.0) under Florida’s Live Local Act.
