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Key Details
Sold Price $5,785,000
Property Type Vacant Land
Listing Status Sold
Purchase Type For Sale
Subdivision Alton Beach 1St Sub
MLS Listing ID A11182780
Sold Date 07/28/22
HOA Y/N No
Annual Tax Amount $100,268
Tax Year 2021
Contingent No Contingencies
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 116x201
Property Description
Commercial investment opportunity! LAND LEASE of a 34-unit apartment building operating as a hotel, located in the heart of the Art Deco district of South Beach and 1 block to the beach. Land lease ends 10/1/2049 (27 years left). The lot is 24,000-SF, zoned RM-2, multifamily. Commercial property with a highly desirable and PRIME South Beach location, close to everything Miami Beach has to offer; 1 block to Lincoln Road, 1 block to the Miami Beach convention center, 1 block to the beach and Collins Ave, surrounded with many restaurants, parks, and recreation centers, easy drive and access to everything.
Location
State FL
County Miami-dade County
Community Alton Beach 1St Sub
Area 32
Exterior
Utilities Available Cable Available, Sewer Available, Water Available
Present Use Multi-Family
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 02-32-34-019-0070
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
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Bought with BHHS EWM Realty
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