Description
This is a Package Sale. Properties at 560 Michigan Avenue and 550 Michigan Avenue are being sold as a package for a total price of $ 7,800,000.
Recently renovate in a mixed use zone CPS-2, which allow short-term rental, hotel use, medical and office use. The properties are gated which include a private parking up to 10 parking spot. 9 units apartment buildings offering a mix of five 1-bed/1-bath and four 2-bed/2-bath. Both building are licensed for short term rental. FAR 2.0, these properties can be developed in hotel up to 50 rooms. It include an office and a laundry room in the parking area. Located on 5th street it is walking distance to the beach of Ocean Drive, shops at the mall on 5th street and grocery.
Location
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Courtesy of: The Corcoran Group MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. Updated: 2nd July, 2022 12:31 AM (UTC)
