759 Meridian, Miami Beach FL 33139

Description of 759 Meridian, Miami Beach FL 33139

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.

Property Details for 759 Meridian, Miami Beach FL 33139

Flooring

Tile

Heating

Wall/Window Units

Cooling

Wall/Window Unit(s)

Parking Features

Additional Spaces Available, Guest

Pool Private

No

Year Built Details

Resale

Building Information for 759 Meridian, Miami Beach FL 33139

Building Area Total

3200

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Security Features

Other Fire Protection, Smoke Alarm, Smoke Detector(s)

Property Information for 759 Meridian, Miami Beach FL 33139

Lot Features

Corner Lot

Lot Size Square Feet

4,200

Waterfront

No

View

No

Construction Materials

CBS Construction

Roof

Tile Roof

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 759 Meridian, Miami Beach FL 33139

Parcel Number

02-42-03-070-0001

Tax Legal Description

759 BUILDING INC CONDO OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 LESS E56FT BLK 59

Zoning

4900

County Or Parish

Miami-Dade County

Location