1770 Meridian Avenue Miami Beach, FL 33139

Building Details

Year Built

1954

Listing Agency One Sotheby's International Re i***@susangalegroup.com Show Phone

Listed by Susan Gale · License #0394993 Show Phone

Source Compass

Added: Feb 14, 2024 Checked: Jul 17 at 3:38 am

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Investment Insights

Based on property information with market context.

This income-producing, 31-unit apartment building is situated in a strategic corner location in South Beach, positioned between the Miami Beach Golf Club and Lincoln Road. It is located across the street from the new 5.8-acre Pride Park, the Miami Beach Convention Center, and City Hall. The two-story, courtyard property features a mix of studios, one-bedroom, and two-bedroom units, along with a laundry room, all set within a lush, tropical garden environment. The unit mix includes 22 studios, 4 one-bedroom units, and 5 two-bedroom units. The property is zoned RM-2, which allows for over 14,000 additional square footage in this world-class destination. The property is currently cash-flowing with high occupancy As-Is. There is an opportunity to renovate or redevelop the property for short-term or long-term rentals. The property size is 23234 square feet.

Key Highlights

• Strategic corner location in South Beach, near Miami Beach Golf Club, Lincoln Road, Pride Park, Convention Center, and City Hall.
• Income‑producing 31‑unit apartment building with high occupancy.
• RM‑2 zoning allows for 14,000+ additional square footage.

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FAQs

What type of property is this?

Apartment building - 31-unit apartment building in prime South Beach location.

Where is this apartment building located?

The property is located at 1770 Meridian Avenue Miami Beach, FL.

What is the asking price?

The asking price for this property is $12,990,000.

What are key features of this property?

This property features: Strategic corner location in South Beach, near Miami Beach Golf Club, Lincoln Road, Pride Park, Convention Center, and City Hall.; Income‑producing 31‑unit apartment building with high occupancy.; RM‑2 zoning allows for 14,000+ additional square footage.