1580 Bay Rd new Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 13,460 sqft
Price per Sqft $646
MLS Listing ID A11847604
Year Built 1954
Annual Tax Amount $34,112
Lot Size 0.350 Acres
Property Sub-Type Multi Family
Property Description
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.
Location
State FL
County Miami-dade
Area 32
Exterior
Roof Type Shingle
Building
Story 2
Others
Acceptable Financing Cash,1031 Exchange
Listing Terms Cash,1031 Exchange
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11847604