560 Michigan Ave Miami Beach, FL 33139
Overview
- Status: Active
- Bed(s) No info
- Bath(s)
- Half Bath(s) 0
- Parking No info
- Size: 5,524 ft2/513.20 m2
- Price Per: $1,077.12 ft2/$11,594.01 m2
- Type: Commercial/Investment
- Built: 1937
- HOA: No info
- MLS Number: A11577527
- View No info
- On Site: 215 days
- Updated: Listing Refreshed: 12 Days Ago
This money making property includes two renovated buildings in Miami Beach with furnished one and two bedrooms apartments, licensed for short term rentals. The remodeled nine units offer fully equipped kitchens and bathrooms as well as central AC. This property 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 and the new Five Park residential tower and 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. The 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.
Price History
| Date | Event | Price | Change Rate | Price Per |
|---|---|---|---|---|
| 11/18/2024 | Price Reduced | $5,950,000.00 | 4.8% | $1,077.12 ft2/$11,594.01 m2 |
| 09/13/2024 | Price Reduced | $6,250,000.00 | 3.1% | $1,131.43 ft2/$12,178.58 m2 |
| 08/12/2024 | Price Reduced | $6,450,000.00 | 6.5% | $1,167.63 ft2/$12,568.29 m2 |
| 04/29/2024 | Listed | $6,900,000.00 | $1,249.09 ft2/$13,445.15 m2 |
Contact Information
This property is courtesy of the The Corcoran Group. The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The properties displayed may not be all of the properties in the MLS's database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Properties listed by Brokers other than this Broker are marked with either the listing Broker's logo or name or the MLS name or a logo provided by the MLS. Detailed information about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. The Florida Association of Realtors and its cooperating MLSs do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing.