For Sale
$4,500,000

533 Meridian AveMiami Beach, FL 33139

12-Unit Condo, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
114
Exceptional redevelopment opportunity in Miami Beach, Florida. This 6,280 sq ft, two-story condominium building sits on a 7,000 sq ft lot at 533 Meridian Ave, zoned CPS-2 between 5th and 6th Street. Currently featuring twelve units – four studios and eight one-bedroom/one-bathroom apartments – plus eight parking spaces, the property presents significant upside potential. The CPS-2 zoning permits commercial use on the ground floor, opening avenues for mixed-use development. Built in 1968, this property offers a chance to capitalize on South Beach's vibrant market. The asking price is $4,500,000. This is a rare chance to acquire a condo building ripe for redevelopment in a highly desirable location. The existing structure provides immediate income potential while offering flexibility for a transformative project. Don't miss this chance to acquire a prime piece of South Beach real estate.

Highlights

  • $4,500,000 asking price for redevelopment opportunity.
  • 12-unit apartment building (4 studios, 8 one-bedroom/one-bathroom units) with 8 parking spaces.
  • 6,280 square feet on a 7,000 square foot lot in Miami Beach, FL.
  • Two-story, 1968-built condo building zoned CPS-2, allowing for ground-floor commercial use.
  • Located between 5th and 6th Street in South Beach.

Property Details for 533 Meridian Ave

Property type
Apartment buildings
Square Feet
6,280 SF
Year Built
1968
Stories
2

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.775317933909
Longitude
-80.135518396592
533 Meridian Ave, Miami Beach, Florida

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533 Meridian Ave
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