2140 Bay Dr Miami Beach, FL 33141

This exceptional Miami Beach multifamily property presents a compelling investment opportunity for discerning developers. Located at 2140 Bay Drive, this Class A asset boasts 10 units currently generating steady income. Situated on a substantial 17,918 square foot lot (APN: 02-3210-011-0600 & 02-3210-011-0610), the property offers 60 feet of prime waterfront access overlooking North Bay Village. The permitted zoning is 3900, allowing for significant development potential. The current configuration includes 10 units, providing immediate cash flow. This location is in a rapidly expanding area of Miami Beach, experiencing significant investment in new residential construction. The property's size and waterfront location make it ideal for a luxury development project. The asking price is $4,999,999. This is a rare chance to acquire a substantial waterfront parcel in a high-demand location, poised for significant appreciation. The property's existing multifamily units offer a stable income stream while the development potential promises substantial long-term returns. Don't miss this chance to capitalize on Miami Beach's thriving real estate market. This property is zoned for larger developments, presenting a unique opportunity to create a high-end residential project in a prime location.