Property details
Miami Conversion To Multifamily Opportunity, Southeast Region
Property Description
Miami Conversion To Multifamily Opportunity
3 story multi-zoned building located 2 blocks from South Beach’s exclusive Ocean Drive.
This is an extremely rare opportunity for a buyer to purchase and reposition this vacant trophy Art Deco property into a high-tech office or a 15 unit apartment building or a combination of both.
The property is surrounded by multiple high-end hotels, apartment complexes, and high street retail/restaurant businesses.
A buyer may convert the current use back into a Multifamily or use it as an office or a Live- Work-Play combination with an owner living in the penthouse and having their operations below.
This property boasts smart touches, including original color schemes such as a gleaming white exterior and forest-green and deep-burgundy lobby, a restored ziggurat fireplace, and tile-and-wood floors in the exhibition space featuring patterns that outline the original floor plan.
This is ideal for a value-add property with varied uses Apartments or Offices.
Images
Highlights
- Status:
- Available
- Price:
- $3,800,000
- PSF:
- $306
Property Information
- Building Size:
- 12,414 sq.ft.
- Property Type:
- Apartments
- Industry Type:
- Apartment - Multifamily
- Units/Spaces:
- 33
- Purchase Tenure:
- Fee Simple
Existing financing information
- N/A
The information contained herein contains confidential and/or privileged material. Any review, retransmission, dissemination or other use of, or taking of any action in reliance upon, this information by persons or entities other than the intended recipient will be prohibited. The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty or representation about the accuracy or completeness of the information. As a buyer, it is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this property to you depends on factors which should be evaluated by your tax, financial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. We have no knowledge of this offering other than the information received from Seller or their representatives. We are neither your agent or an agent for the seller. We will not participate in the negotiation of the purchase price or attend the showing of this property. As a buyer, you will be required to indemnify us and hold us harmless from any kind of claim, cost, expense, or liability arising out of your investigation and/or purchase of this property.