In the heart of North Beach's Town Center, this 10-unit multifamily waterfront property offers investors, immediate and long-term potential. The 2-story waterfront building is fully leased, includes parking, and has the potential for value add investing or a mixed-use redevelopment project. New zoning allows mixed uses such as residential, office, hotel, retail. 120 foot height limits and reduced parking requirements. with its TC-1 zoning. 10 one-bedroom units 4 units have been remodeled Below market rents can be raised Proforma with ove 7.5% returns In-place income More than 25,000 SF of Development Potential Value-add Opportunity Walker's Paradise (94 Walkscore)

Property Details

  • MLS #A10624860
  • TypeCommercial / Business / Agricultural / Industrial Land
  • StatusActive
  • DevelopmentNORMANDY BEACH SOUTH
  • SubdivisionNORMANDY BEACH SOUTH
  • Sale TypeRegular Sale
  • Approx Lot Size11,200
  • Parking
  • Days on Market29
  • Year Built0
  • Style
  • WaterfrontYes
  • FurnishedNo
  • Flooring Type
  • Date Listed02/21/2019
  • Cooling
  • Heating
  • Taxes Year2018
  • Taxes$32,001

Miscellaneous Information

  • Medium Traffic
  • Pedestrian Traffic
  • Sidewalk
  • Street Lights

The multiple listing information is provided by the MIAMI ASSOCIATION OF REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2019-present MIAMI ASSOCIATION OF REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: TIR Prime Properties Corp.

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