412-416-424 Ocean Dr

    Miami Beach, FL 33139
    • $8,000,000
    • STATUS: Active
    • ON SITE: 159 days
    • MLS #: A10371911
    UPDATED: 68 min ago
    $8,000,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    42
    Type:
    Commercial
    Built:
    1947
    County:
    Area:
    42

    School Ratings & Info

    Description

    This property is suited as a multi-generational purchase for the long term investor. Such an investor will reap enormous rewards by acquiring this prime three parcel Ocean Drive property on world famous South Beach. Recent sales on vacant land on Ocean Drive are over $1,000 per square foot. The property consists of a renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total lot size 17,250 square feet. Of the total, 11,500 square feet is vacant land. this will permit significant development without the historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with the current tenants, paying a nominal rent, that expires in 26 years.

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-04-22T20:41:01.41.
    www.bestbrowardrealestate.com/homes/78726174

    412-416-424 Ocean Dr Miami Beach, FL 33139

    • Price: $8,000,000
    • Status: Active
    • Updated: 68 min ago
    • MLS #: A10371911
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1947
    Built
    Neighborhood:
    42
    County:
    Miami-Dade
    Area:
    42
    Property Description
    This property is suited as a multi-generational purchase for the long term investor. Such an investor will reap enormous rewards by acquiring this prime three parcel Ocean Drive property on world famous South Beach. Recent sales on vacant land on Ocean Drive are over $1,000 per square foot. The property consists of a renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total lot size 17,250 square feet. Of the total, 11,500 square feet is vacant land. this will permit significant development without the historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with the current tenants, paying a nominal rent, that expires in 26 years.
    Exterior Features

    Num Loading Doors 0 Num Parking Spaces 45 Parking Description Other Parking Waterfront Property Yn No

    Interior Features

    Cooling Description Central Individual A/C Heating Description Central Individual A/C Interior Ceiling Height 0.0000 Maximum Ceiling Height 0.0000 Num Offices 0

    Property Features

    Approximate Lot Size 17250 Electric Service 110 Volts Power Flood Zone Ae Information Available Aerial Photo(S)DrawingsCopy Of Lease(S)Photos Lease Term Info Subject To Lease Num Bays 0 Property Description Ocean Drive South Of 5th Stree Reo YN No Section 3 Sewer Description Public Sanitation Short Sale Yn No Special Information City Jurisdiction Typeof Property Commercial Water Description Public Water

    Listing courtesy of Re/Max Advance Realty.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-04-22T20:41:01.41.
     
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