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Gelfand Realty Miami Properties for Sale - Income/MultiFamily for Sale

1580 BAY RD, MIAMI BEACH, FL 33139

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Income/MultiFamily - for Sale

1580 BAY RD, MIAMI BEACH, FL 33139

Asking Price$8,700,000

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  • Days on market:

    13 day(s)

  • Original Price:

    $8,700,000

  • Tax Legal Description:

    BAY LINCOLN PB 58-86 LOT 15 LOT SIZE 50.000 X 105 OR 20059-1903 10 2001 1

  • Property Type:

    Income/MultiFamily

  • Roof:

    Shingle

  • Special Listing Conditions:

    Sale

  • Lot Features:

    Corner Lot

Description

$8,700,000

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.

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