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- LoopNet Team
412 Ocean Dr
Miami Beach, FL 33139
Ocean Drive Land Development Opportunity · Land For Sale
·
0.40 AC
INVESTMENT HIGHLIGHTS
- 3 Parcels
- Development Deal South of 5th Avenue
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 0.40 AC |
| Property Subtype | Residential | No. Stories | 3 |
| Proposed Use | Apartment Units | ||
| Zoning | RPD-3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.40 AC |
| No. Stories | 3 |
| Zoning | RPD-3 |
DESCRIPTION
Benjamin Mandel and Barbara Montero with Mandel Realty Corporation present the exclusive 3 parcel land development site on Miami Beach located at 412, 416, & 424 Ocean Drive. Existing is a 23 unit apartment complex adjacent to two parcels with parking combining a total of 0.40 Acres. This unique property is competitively priced and needs a strategic developer to work with the existing tenant to unlock tremendous upside in value. **Disclaimer: existing tenant in place master leases the current lots usage which is why the property is priced so low.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $445,000 | |
| Land Assessment | $4,025,000 | Total Assessment | $12,450,540 |
PROPERTY TAXES
