1770 Meridian Ave Miami Beach, FL 33139
- Commercial real estate
Current Use by Public Records
- Commercial real estate
Property Details for 1770 Meridian Ave
- Year built
- 1954
- Property type
- Commercial real estate
Description
This exceptional 31-unit multifamily property, located at 1770 Meridian Ave in Miami Beach, Florida, presents a compelling investment opportunity. Built in 1954, this two-story building boasts a desirable corner location between the Miami Beach Golf Club and Lincoln Road, offering unparalleled convenience and access to vibrant amenities. Across the street lies the new 5.8-acre Pride Park, the Miami Beach Convention Center, and City Hall, further enhancing its strategic position. The property features a mix of studio, one-bedroom, and two-bedroom units (22 studios, 4 one-bedrooms, and 5 two-bedrooms), all situated within a lush, tropical courtyard setting. A convenient on-site laundry room adds to the resident experience. Currently operating with high occupancy and strong cash flow, this asset presents an attractive opportunity for immediate income generation. The RM-2 zoning allows for the addition of over 14,000 square feet, opening doors to significant expansion or redevelopment potential, catering to both short-term and long-term rental strategies. The asking price for this income-producing property is $12,990,000. This is a rare chance to acquire a well-positioned multifamily asset in a world-class destination. The property is being sold as-is.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.137014
- Latitude
- 25.7934207
