412 Ocean Dr $8,000,000

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    412 Ocean Dr Miami Beach, FL 33139

    • Commercial
    MLS# A10612276 | Active

    $8,000,000

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    Days On Market: 15 3 Views
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    Property Details

    This property is suited as a multi-generational purchase for the long-term investor. Such an investor will recap enormous rewards by acquiring this prime three parcel Ocean Drive Property on World Famous South Beach. Recent sales of 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 size is 17,250 square feet. Of the total, 11,500 square feel 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 nominant rent, that expires in 26 years.

    • General Features
      • Year Built 1947
      • Year Built Description Resale
      • County Or Parish Miami-Dade County
      • REO 0
      • Short Sale 0
    • Building Features
      • Construction Type Concrete Block Construction
      • Roof Description Built-Up Roof, Composition Roll
      • Parking Description Assigned Parking, Guest Parking
      • Number of Stories 2.0000
      • Number of Parking Spaces 0
      • Heating Description Central Individual A/C
      • Interior Ceiling Height 0.0000
      • Floor Description Ceramic Floor
      • Door Height Door Ht 0-8'
      • Electric Service 110 Volts Power
      • Cooling Description Central Individual A/C
      • Sewer Description Public Sanitation
      • Security Information Security Lighting
      • Style of Property Income Non-Waterfront
    • Property Features
      • Acreage Description 1/4+ To 1/2 Acre
      • Approximate Lot Size 17250
      • Lot Frontage 150
      • Waterfront Property 0
      • Water Description Public Water
      • Lot Sq Footage 5750

    Contact

    Marty Haines

    Broker Associate

    RE/MAX ALLIANCE GROUP

    Direct: 941-308-4627

    Neighborhood

    33139 (Miami Beach) Demographics

    40Median Age
    14,110Population Density (per sq. mile)
    57%College Educated
    $47,982Estimated Median Income
    6,847Estimated Total Home Owners
    13,738Estimated Total Renters
    33% / 67%Estimated Owner / Renter Divide
    2Estimated Average Household Size
    38,027Total Population

    Market Last 30 Days

    $402,500 Median Sales Price
    60 Homes Sold
    277 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $8,000,000
        2/4/2019 2:42:00 PM New in Database Source

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