560 Michigan Ave, Miami Beach FL, 33139

Active

560 Michigan Ave

Miami Beach FL, 33139

$6,250,000

$1,131.43 per sqft

Active

5,524 sqft

Commercial

Built in 1937

This money making property includes two renovated building in Miami Beach, offering a furnished one and two bedrooms apartments, licensed for short term rentals.
The remodeled nine units offer fully equipped kitchens and bathrooms. Each unit is individually equipped with central AC unit. This property is located in a double corner lot at 6th Street and Michigan Avenue. It is strategically located close to 5th Street Mall (Publix Supermarket, Target, Ross, TJ Max and Best Buy to name national retail tenants) and the new Five Park Residential Tower.
The property offer faced private parking, laundry room, office.
The zoning is CPS2 commercial - residential mix used - FAR 2, which allow further development up to 20,000 Sq/Ft.
The beach of Ocean Drive is only 10 minutes walking.

A11577527

MLSⓇ ID

April 22, 2024

Listed

September 13, 2024

Updated

Map

560 Michigan Ave
Miami Beach FL, 33139

Interior Features

Total Stories: 2
Floor Description: Marble/Slate Floors, Parquet
Fireplace: No
Cooling: Yes
Cooling Description: Central Individual A/C
Heating: Yes
Heating Description: Central Individual A/C

Exterior/Building Features

Lot Size: 0.23 Acres
Lot Features: Corner Lot
Roof: Concrete
Sewer: Public Sanitation

Other Property Details

Taxes: $32,307
Tax Frequency: Annually
Days on Market: 144
Garage: No
Parking: Assigned
Parking Total: 9
View: No
County: Miami-Dade County
Water Source: Public
Pool: No
Zoning: 6503

Listing History

Date	Event	Price
9/13/2024	Price change	$6,250,000 -4%
8/12/2024	Price change	$6,450,000 -7%

Listed by: The Corcoran Group
Listing Contact: 786-564-2318

Based on information from the Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. 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. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.

Data last updated 4:42 PM UTC, 9/13/2024.