4 Photos

560 Michigan Ave

Miami Beach, FL

Listing Details

  • $5,600,000
  • MLS# A12057167
  • Type Commercial - Industrial
  • Status Active
  • 0.230 acres
    Lot Size
  • 1937
    Year Built

Description

This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall... Read more and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

Key Features

No amenity information available.

View All Features
560 Michigan Ave
Miami Beach, FL 33139
County
Miami-Dade

Contact the Agent

Luxury Homes Specialist
Contact the Listing Agent
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All Property Features

  • Property Type: Commercial - Industrial
  • Crops Included Y/N: No
  • Days on Site: 84
  • Exterior: Concrete Block Construction
  • Home Warranty Y/N: No
  • Lease Considered Y/N: No
  • Listing Terms: All Cash, Conventional/Refinance
  • Lot Size: 0.23 Acres
  • Parcel#: 02-42-03-009-7780
  • Parking: Assigned
  • Parking Notes: Assigned
  • Property Attached Y/N: No
  • Property Sub-Type: Income/MultiFamily
  • Stories: 2.0
  • Year Built: 1937