Park Ave Miami Beach, FL 33139

This exceptional 18,017 square foot land parcel in Miami Beach presents a unique investment opportunity. Located on Park Avenue in Miami-Dade County, Florida (zip code 33139), this property boasts a CD-3 zoning designation, offering flexibility for diverse development projects. Approved plans exist for a 120-key hotel, capitalizing on the city's booming hospitality industry. Alternatively, the site allows for the development of 61 residential units as of right, catering to the high demand for luxury housing in this coveted location. This is one of the last remaining vacant land sites in Miami Beach, making it a truly rare find. The development is subject to review and approval by the historic preservation board, ensuring the project aligns with the area's unique character and architectural heritage. The property's prime location and versatile zoning make it an ideal investment for discerning developers seeking to create a landmark project in the heart of Miami Beach. This is a chance to build something truly special in a highly sought-after area, with the potential for significant returns. The latitude and longitude coordinates are 25.7970442, -80.1308085.