Mixed-Use Property – 8,185 Sq Ft in Miami Beach, FL – CD-3 Zoning with Major Value-Add Potential

Category: Mixed-Use

Price:$5,000,000

Location: Miami Beach, FL

Year Built: 1956

Days on Market: 60

Description:

This versatile 20-unit property presents a rare opportunity for apartment, hotel, short-term rental, and food and beverage uses in South Beach’s high-intensity CD-3 Zoning District. Built in 1956, the 8,185-square-foot building includes 18 studios and 2 one-bedroom units on a 7,500-square-foot lot. Positioned between Lincoln Road Mall—featuring 200 retailers, restaurants, and art galleries—and the Miami Beach Convention Center, this site provides unmatched access to dining, shopping, and cultural landmarks. Mostly vacant, with some renovations completed, it’s ready for a new owner’s vision. CD-3 zoning supports varied commercial uses with a density cap of 100 units/acre, FAR of 2.25, and a height allowance up to 75 feet.

20-unit in South Beach between Lincoln Rd Mall & Convention Center. CD-3 zoning; apartment, hotel, STR, & F&B potential with major value-add upside.

Listing Code: 1093451647