412 Ocean Dr

    Miami Beach, FL 33139
    • $8,000,000
    • STATUS: Active
    • ON SITE: 94 days
    • MLS #: A10674161
    UPDATED: 24 min ago
    $8,000,000
    • 0
      BEDS
    • 0.13
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    42
    Type:
    Commercial
    Built:
    1947
    County:
    Area:
    42

    School Ratings & Info

    Description

    This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of vacant land on Ocean Drive are over $1,000 per square foot. The property consists of renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total size is 17,250 square feet. Of the total, 11,500 square feet is vacant land. This will permit significant development without historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with then current tenants, paying a nominate rent, that expires in 26 years.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-08-18T06:41:36.213.
    www.groveproperties.com/homes/94790918

    412 Ocean Dr Miami Beach, FL 33139

    • Price: $8,000,000
    • Status: Active
    • Updated: 24 min ago
    • MLS #: A10674161
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.13
    Acres
    1947
    Built
    Neighborhood:
    42
    County:
    Miami-Dade
    Area:
    42
    Property Description
    This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of vacant land on Ocean Drive are over $1,000 per square foot. The property consists of renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total size is 17,250 square feet. Of the total, 11,500 square feet is vacant land. This will permit significant development without historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with then current tenants, paying a nominate rent, that expires in 26 years.
    Exterior Features

    Construction Type Concrete Block Construction Num Loading Doors 0 Num Parking Spaces 0 Parking Description Assigned ParkingGuest Parking Road Type Description Two Lane Roof Description Built-Up RoofComposition Roll Waterfront Property Yn No

    Interior Features

    Cooling Description Central Individual A/C Floor Description Ceramic Floor Heating Description Central Individual A/C Interior Ceiling Height 0.0000 Maximum Ceiling Height 0.0000 Num Offices 0

    Property Features

    Approximate Lot Size 17250 Electric Service 110 Volts Power Flood Zone Ae Information Available Aerial Photo(S)DrawingsCopy Of Lease(S)Photos Lease Term Info Subject To Lease Location Of Property Beach AccessCentral Business DistrictCity Location Lot Frontage 150 Num Bays 0 Ownership Other Ownership Property Description Ocean Drive South Of 5 Street Sale Includes Building & Land Security Information Security Lighting Sewer Description Public Sanitation Special Information City Jurisdiction Style Of Property Income Non-Waterfront Subdivision Complex Bldg 3 FOLIO NUMBERS Tax Amount 67265 Tax Year 2018 Typeof Property Commercial Water Description Public Water Year Built Description Resale

    Listing courtesy of Re/Max Advance Realty.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-08-18T06:41:36.213.
     
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