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$ 5,390,000
Est. payment | /mo
2,960 SqFt
$ 5,390,000
Est. payment | /mo
2,960 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,960 sqft
Price per Sqft $1,820
MLS Listing ID A12120322
HOA Y/N No
Year Built 1938
Annual Tax Amount $27,846
Lot Size 0.253 Acres
Property Sub-Type Multi Family
Property Description
Approx. 11,000 SF North Beach Development Opportunity | Existing 8-Unit Building + Vacant Development Parcel
Rare opportunity to acquire two contiguous Harding Avenue parcels totaling approximately 11,000 SF in Miami Beach's North Beach neighborhood, approximately one block from the beach next to public parking.
Consisting of an existing value-add multifamily building with an adjacent vacant parcel, creating a flexible residential and hospitality development opportunity.
8035 Harding Avenue is an existing 8-unit multifamily building on an approximately 5,500 SF parcel. The proposed configuration includes approximately 4 studios of 211 SF and 4 one-bedroom units of 349 SF. The units require completion and renovation. Ownership estimates approximately six months of additional work and approximately $400,000 to complete renovations.
8021 Harding Avenue is an approximately 5,500 SF vacant parcel immediately adjacent to 8035, providing a ground-up development opportunity. Together, the two parcels provide approximately 11,000 SF of contiguous land. A buyer may complete and operate the existing 8-unit building, pursue new development on 8021, or evaluate an integrated residential or hospitality-oriented project across both parcels.
The properties benefit from RM-1 zoning and Harding Avenue's hotel / short-term rental framework, providing additional development optionality, subject to applicable licensing, change-of-use, permitting and governmental approvals.
Rare opportunity to acquire two contiguous Harding Avenue parcels totaling approximately 11,000 SF in Miami Beach's North Beach neighborhood, approximately one block from the beach next to public parking.
Consisting of an existing value-add multifamily building with an adjacent vacant parcel, creating a flexible residential and hospitality development opportunity.
8035 Harding Avenue is an existing 8-unit multifamily building on an approximately 5,500 SF parcel. The proposed configuration includes approximately 4 studios of 211 SF and 4 one-bedroom units of 349 SF. The units require completion and renovation. Ownership estimates approximately six months of additional work and approximately $400,000 to complete renovations.
8021 Harding Avenue is an approximately 5,500 SF vacant parcel immediately adjacent to 8035, providing a ground-up development opportunity. Together, the two parcels provide approximately 11,000 SF of contiguous land. A buyer may complete and operate the existing 8-unit building, pursue new development on 8021, or evaluate an integrated residential or hospitality-oriented project across both parcels.
The properties benefit from RM-1 zoning and Harding Avenue's hotel / short-term rental framework, providing additional development optionality, subject to applicable licensing, change-of-use, permitting and governmental approvals.
Location
State FL
County Miami-dade
Area 32
Zoning 3900
Exterior
Private Pool Yes
Building
Lot Description Flood Zone
Others
Tax ID 02-32-02-007-0270
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12120322
Listed by STL Advisors, LLC
Nearby Locations
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