759 Meridian, Miami Beach, FL 33139
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759 Meridian, Miami Beach, FL 33139
759 Meridian, Miami Beach, FL 33139
759 Meridian, Miami Beach, FL 33139
759 Meridian, Miami Beach, FL 33139
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Tariq Saleem

Tariq Saleem

+1(844) 668-7589
$ 1,890,000
Est. payment /mo
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759 Meridian Miami Beach, FL 33139

3,200 SqFt

UPDATED:

Key Details

Property Type Condo, Commercial

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 3,200 sqft

Price per Sqft $590

MLS Listing ID A12066561

HOA Y/N No

Lot Size 4,200 Sqft

Property Sub-Type Condominium

Property Description

Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.

Location

State FL

County Miami-dade

Area 42

Direction From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking.

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Window Features Impact Glass

Exterior

Roof Type Tile

Total Parking Spaces 5

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 02-42-03-070-0001

Security Features Other,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12066561

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Location3 International, LLC.

NEARBY SCHOOLS & PROPERTIES

Tariq Saleem

Tariq Saleem

Broker | BK3071788

+1(844) 668-7589

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