533 Meridian Ave Miami Beach, FL 33139

Exceptional redevelopment opportunity in Miami Beach, Florida. This 6,280 sq ft, two-story condominium building sits on a 7,000 sq ft lot at 533 Meridian Ave, zoned CPS-2 between 5th and 6th Street. Currently featuring twelve units – four studios and eight one-bedroom/one-bathroom apartments – plus eight parking spaces, the property presents significant upside potential. The CPS-2 zoning permits commercial use on the ground floor, opening avenues for mixed-use development. Built in 1968, this property offers a chance to capitalize on South Beach's vibrant market. The asking price is $4,500,000. This is a rare chance to acquire a condo building ripe for redevelopment in a highly desirable location. The existing structure provides immediate income potential while offering flexibility for a transformative project. Don't miss this chance to acquire a prime piece of South Beach real estate.