Basics
- Category: CommercialSale
 - Type: Multifamily
 - Status: Active
 - Bathrooms: 0
 - Floors: 2
 - Lot size: 15250, 15250 sq ft
 - Year built: 1954
 - County: Miami-Dade
 - MLS ID: A11847604
 
Description
- 
                                    Description: 
BAY LINCOLN PB 58-86 LOT 15 LOT SIZE 50.000 X 105 OR 20059-1903 10 2001 1 Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 SF of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sqft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri.
There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued.
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Location
- Lot Size Acres: 0.35 acres
 
Building Details
- Covered Spaces: 0
 - Levels: Two
 - Number Of Buildings: 3
 
Amenities & Features
- Parking Total: 12
 - Roof: Shingle
 
Expenses, Fees & Taxes
- Tax Annual Amount: $34,112
 
Miscellaneous
- List Office Name: Lifestyle International Realty
 - Listing Terms: Cash,Exchange1031
 
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in FL, Miami Beach was built in 1954, and is listed at $8,700,000.