Premier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach’s most coveted locations

1485 BAY RD, Miami Beach

$3,499,000 USD
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Address1485 BAY RD, Miami Beach
Type of PropertyFlex Space
Type of BusinessApartments, Commercial / Residential Income
Business LocationCorner Unit
Price$3,499,000
Property StatusActive
MLS NumberA11899562
Property Size5600
Lot Size5600
Year Built1947
Folio Number02-32-33-016-0190
Zoning Information3900
Days on Market161

Detailed Description: Premier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach’s most coveted locations. Situated on the prime corner of Bay Road directly across from the iconic Flamingo South Beach, this property offers exceptional visibility and an enviable address in the heart of Miami Beach’s most dynamic neighborhood. Nearby luxury residential includes the Monad Terrace condominiums and several others. This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach’s most desirable residential corridors.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address1485 BAY RD
Business LocationCorner Unit
Section33
Zip Code (4 Digits)3761
Financial Information
Price$3,499,000
Price per Foot$0
Folio Number02-32-33-016-0190
Tax Amount$31,402
Full Descriptions
Detailed DescriptionPremier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach’s most coveted locations. Situated on the prime corner of Bay Road directly across from the iconic Flamingo South Beach, this property offers exceptional visibility and an enviable address in the heart of Miami Beach’s most dynamic neighborhood. Nearby luxury residential includes the Monad Terrace condominiums and several others. This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach’s most desirable residential corridors.
How to ReachBay Road to 15th Street, across from Flamingo South Beach
Roof DescriptionBuilt-Up
Floor DescriptionConcrete
Cooling DescriptionCentral Building A / C
Water DescriptionOther
Property parameters
Living Area5600
Lot Size5600
Total Acreage0.129
Zoning Information3900
Maximum Leasable Size5600
Year Built1947
Type of PropertyFlex Space
Type of BusinessApartments, Commercial / Residential Income
Construction TypeConcrete Block Construction
Stories Number2
Listed withOne Sotheby’s International Re