1685 Jefferson Ave Miami Beach, FL 33139
- Hotels
- 8,185 SF
Current Use by Public Records
- Hotels
Property Details for 1685 Jefferson Ave
- Year built
- 1956
- Property size
- 8,185 SF
- Property type
- Hotels
Description
This exceptional Miami Beach property, located at 1685 Jefferson Ave, presents a unique investment opportunity. The 8,185-square-foot building, constructed in 1956, boasts a prime location between Lincoln Road Mall and the Miami Beach Convention Center, offering unparalleled access to shopping, dining, and cultural attractions. Currently configured as a 20-unit hotel (18 studios and 2 one-bedroom units), this versatile property sits on a 7,500-square-foot lot and is zoned CD-3, allowing for a variety of commercial uses, including apartments, short-term rentals, and food and beverage establishments. The zoning permits a density of up to 100 units per acre, a floor area ratio (FAR) of 2.25, and a maximum building height of 75 feet. The property is mostly vacant, with some renovations already completed, providing a blank canvas for a new owner's vision. Priced at $5,000,000, this two-story building represents a compelling investment in a high-demand South Beach location. The property's strategic positioning and flexible zoning make it an ideal candidate for redevelopment or repositioning to capitalize on the area's thriving tourism and commercial sectors. This is a rare chance to acquire a significant asset in one of Miami Beach's most desirable neighborhoods.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1374077
- Latitude
- 25.7918494
