OCEAN BEACH ADDN NO 3 PB 2-81 W40FT OF LOTS 7 & 8 BLK 74 LOT SIZE 40.000 X 90 OR 15800-0907 0293 1 Compass Commercial is pleased to present an exclusive opportunity: a rare, standalone mixed-use building on Miami Beach’s celebrated Fifth Street. Situated at the gateway to the prestigious South of Fifth neighborhood, this property offers CPS-2 zoning—permitting residential, office, hotel, restaurant and bar uses, making it exceptionally flexible for investors or owner-users seeking to capitalize on Miami Beach’s high-demand commercial corridor.The building features a prominent first-floor retail bay ideal for restaurant, bar, boutique retail, or fitness/Wellness concepts with strong street visibility and pedestrian traffic. The second floor provides adaptable space for corporate suites, executive offices, private health studios, or short-term/vacation rental conversion, each option benefiting from the area’s steady flow of tourists, local residents and business travelers.This historic property, long recognized as a cultural and culinary destination, offers a rare blank canvas for redevelopment, repositioning, or continued operations. For entrepreneurs and investors targeting an iconic Miami Beach location with broad permissible uses under CPS-2, this asset represents a strategic and timely acquisition.