A10612276

 

 

This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of vacant land on Ocean Drive are over $1,000 per square foot. The Property consists of a renovated 23 unit apartment building & two adjacent parcels of land which are currently used as a parking lot. The total size is 17,250 square feet. Of the total, 11,500 square feel is vacant land. This will permit significant development without the historical constraints on redevelopment of existing Ocean Drive buildings. There is a lease with the current tenants, paying a nominant rent, that expires in 26 years.

Interior Features
AC Percentage: 100
Cooling Description: Central Individual A/C
Floor Description: Ceramic Floor
Heating Description: Central Individual A/C
External Features
Acreage Description: 1/4+ To 1/2 Acre
Approximate Lot Size: 17250
Column Description: Unknown
Door Height: Door Ht 0-8'
Improvement Height COM: 2 Stories
Lot Frontage: 150
Lot SqFt: 5750
Number of Stories: 2
Property SqFt: 5750
Road Frontage: City Road
Road Type Description: Two Lane
Roof Description: Built-Up Roof, Composition Roll
Water Description: Public Water
Waterfront Property: no

 

Buyers agent: Anthony Giuffrida Buyers Agent Office: La Rosa Realty List Office: MAX Advance Realty. Buyers Agent e-mail: info@floridamultifamilyforsale.com