Description

The property consist of an existing structure totaling 8,382 square feet, it has been gutted out and the building carries an historical designation. Adjoining the structure is a vacant lot that is zoned RPS3.

The property has been approved for development of a 27 unit hotel and a 58 seat restaurant. The plans call for rehabbing the existing structure located at 304 Ocean Dr. and building an additional structure on the 312 Ocean Dr parcel. Together they would combine for 100 feet of frontage.

This two parcel property is located on Ocean Drive and 3rd street, one blocks west of the ocean, in fabulous South Beach. The zoning code allows medium density residential hotel development up to 50 feet with setbacks of only 5 ft. To the north and south of this site are several condominium properties and a new development site right across the street. The area is highly desirable, since the South Beach Park which is diagonally across the street of the property is owned by the City of Miami Beach which would preclude any future structures impeding access to the beaches and ocean and protects ocean views.