REAL ESTATE SALES AND INVESTMENTS
Heitter Schilling
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REAL ESTATE SALES AND INVESTMENTS
Residential, Commercial and International

412-416-424 Ocean Dr, Miami Beach, FL 33139 (MLS # A10371911)

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PRICE $8,000,000
SIZE n/a
LOT SIZE 5,750 sqft

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

DAYS ON MARKET 212 LAST UPDATED 11/14/2017
YEAR BUILT 1947 COUNTY Miami-Dade County
STATUS Active PROPERTY TYPE(S) Commercial


ADDITIONAL DETAILS
ACREAGE DESCRIPTION 1+ To 2 Acres
BOARD IDENTIFIER A-Miami Association of REALTORS
COLUMN DESCRIPTION Unknown
COOLING DESCRIPTION Central Individual A/C
DOOR HEIGHT Door Ht 0-8'
ELECTRIC SERVICE 110 Volts Power
ENVIRONMENTAL AUDIT Unknown
HEATING DESCRIPTION Central Individual A/C
INFORMATION AVAILABLE Aerial Photo(S), Copy Of Lease(S), Drawings, Photos
LEASE TERM INFO Subject To Lease
LISTING TYPE Exclusive Right to Sell/Rent
MUNICIPAL CODE 2
PARKING DESCRIPTION Other Parking
PROP TYPE TYPEOF BUILDING Other Type
PROPERTY TYPE Commercial/Industrial
ROAD FRONTAGE City Road
SECTION 3
SEWER DESCRIPTION Public Sanitation
SHOWING INSTRUCTIONS Call Listing Agent
SPECIAL INFORMATION City Jurisdiction
STATUS Active
TENANT PAYS Common Area Maintenance, Exterior Electric, Exterior Maintenance, Inside Insurance, Trash Removal, Water
TYPEOF PROPERTY Commercial
WATER DESCRIPTION Public Water
WATERFRONT PROPERTY YN 0


97 Walker's Paradise

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Listed with RE/MAX Advance Realty
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked. Data provided is deemed reliable but not guaranteed.

By Heitter Schilling