533 Meridian Ave Miami Beach, FL 33139
- Commercial real estate
- 6,280 SF
Current Use by Public Records
- Commercial real estate
Property Details for 533 Meridian Ave
- Year built
- 1968
- Property size
- 6,280 SF
- Property type
- Commercial real estate
Description
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.
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
- -80.135518396592
- Latitude
- 25.775317933909
