412-416-424 Ocean Dr, Miami Beach, Florida
412-416-424 Ocean Dr, Miami Beach, Florida 33139 - This property is suited as a multi-generational purchase for the long term investor. Such an investor will reap enormous rewards by acquiring this prime three parcel Ocean Drive property on world famous South Beach. Recent sales on 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 lot size 17,250 square feet. Of the total, 11,500 square feet 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 normal rent, that expires in 26 years.
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Listing Courtesy of RE/MAX Advance Realty
“Henry has helped me for more than a decade with purchase, sale and rental of property in South Beach. His knowledge of the market is extensive. He is ever the true professional of the highest integrity (not that common in this day and age). Perhaps most importantly he is a master at overcoming difficulties (and they always arise) with tact and fairness to all parties involved.”