Price: $2,700,000
MLS Number: A10824232
 Commercial / Investment
829 4th St, Miami Beach, Florida 33139 USA
 Living Area: 2,053
 
 HOA Fees: 
 
 Year Built: 1952
 Community: OCEAN BEACH ADDN NO 3
 
 Subdivision: OCEAN BEACH ADDN NO 3
About this Property
SOUTH OF FIFTH - Potential for development of 17 Airbnb units or 15 to 20 room boutique hotel in the desirable South of Fifth neighborhood, easy walk to the beach, shops and fine dining. Build up to 10,000 sq. ft. in a 4-story building, plus roof terrace and other modern lifestyle amenities in a world-class destination close to new multimillion-dollar developments like Louver House and Urbanica The Meridian Hotel. CPS-2 zoning allows for hotels and apartments.100% stabilized Potential NOI of $631,390.10 rental Pro-forma. The existing building is a single-story 4-plex with two units used for short-term rentals and two month-to-month tenants. Incredible development potential! Redevelopment subject to approval by the city.
Construction:Concrete Block Stucco
Fencing:Fenced
Flooring:Tile Flooring, Hardwood Floors
Heat/Cool:Central Air Conditioning, Wall or Window Air Conditioner(s)

About the Area

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