USD 2,250,000

1020 Pennsylvania Ave
Miami Beach, Florida 33139

For Sale

Property Description

Rare Opportunity! this is one of the only VACANT LOTS available due to strict regulations on demolition of older structures in the area. This gives any development on the site a major competitive edge as the newest product on the market. Additionally parking regulations were eliminated in 2017 which gives the developer who purchases this site more sellable building area. Incredible location only 2 blocks from Collins, + 3 blocks from Ocean Drive and the beach. With an FLR of 1.25, this 7,000 LAND SF site has 8,750 Buildable Square Feet (BSF), which would allow space for up to 15 units. Site has 50 ft fronting Pennsylvania Ave and another 50 ft of frontage along the back alley way which does allow ingress & egress for residents. Architectural drawings & surveys are available upon request.

Listed by Beach City Realty

Property Details

ID #
A11186342
Status
Sale
Type
Commercial, Land
Zip Code
33139
Lot Area
304,920,269ft2
Water Source
City/mains water
Location
Beach Area, Central Business District
Lot
Less Than 1 Acre
Road Type
City/County Maintained
Utilities
Internet
Zoning Information
3900
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 3.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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