Commercial/Industrial,Apartments - Miami Beach, FL
Wonderful investment opportunity in North Beach prime for Redevelopment! Located in the North Beach neighborhood in Miami Beach, this property is within walking distance to the Normandy Pool & Park, Bayfront public tennis courts, the Normandy Shores Golf Club, the historic bandshell and the beach. This is the only waterfront property available for less than $5M with potential to redevelop. These two waterfront buildings in garden setting, with deck, overlooking Normandy waterway, sit on almost 22,000 sqft. lot and 143 ft. of direct water frontage. This property currently generates over $132,000 NOI, with very low vacancy. Potential for future development, with FAR of 1.25 and height restriction of 50 ft. All units are on separate electric meters. Call us for more details.
Would you like more information regarding this property?
Please call (305) 403-2424.
Data Provided by:
Miami Association of REALTORS