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  • 545 Michigan Ave
  • $2,950,000
  • Miami Beach, FL 33139 / OCEAN BEACH ADD NO 3
  • 5,466 Sq.Ft.
Price Change History: +7% ($200,000) 4 Price Changes : Last Change 1 Day Ago
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545 Michigan Ave , Miami Beach, FL 33139

Quadruplex, 5,466 Sq.Ft.

Commercially zoned, short-term rental building steps from the 5th Street gateway to South Beach. The property is a gated 8-unit apartment building offering a mix of 1-bed/2-bath units and studios, with 5 parking spaces. The building is offered vacant, allowing a new owner the flexibility to develop and/or reposition the property. All 8 units are licensed for short term rentals of 30 days or more. With CPS2 commercial zoning - FAR 2.0, the property can be developed into a 14,000 SF building. Create Airbnb suites or a 30+ room boutique hotel close to multimillion dollar residential and retail developments, easy walking distance to the beach, shops and fine dining. Zoning also allows for medical or office use. The building has been recertified until 2029.

Listing Summary
  • City: Miami Beach
  • Zip: 33139
  • Price: $2,950,000
  • County: Miami-Dade County
  • Subdivision: OCEAN BEACH ADD NO 3
  • Complex: OCEAN BEACH ADD NO 3
  • Development: OCEAN BEACH ADD NO 3
  • Virtual Tour: View Virtual TourMore Info
  • Property Type: Residential Income
  • Property Type Description: Quadruplex
  • Square Feet: 5,466
  • Year Built: 1939
  • Taxes: $29,952
  • Foreclosure:
  • Short Sale:
  • MLS® #: A11155803
School Information
Elementary School Middle School High School
Additional Features
  • Waterfront: No
  • Waterfront Description:
  • View:
  • Style: Fourplex
  • Pets Allowed?: No
  • Pet Restrictions:
  • Flooring: Tile
  • Furnished:
  • Construction: Block
  • Parking:
  • Interior Features:
  • Amenities:
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The data relating to real estate for sale on this web site comes in part from the participating Associations of the Miami Multiple Listing Service. The MLS data provided for the property above (A11155803) is provided courtesy of (One Sothebys International Realty). The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Data last updated on 10-05-2022. IDX powered by Realty Net Media

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  • CEO & Principal Broker

    Yuliya Kachko
    Oceanfront Group




    1680 Michigan Ave Suite 700
    Maimi Beach, FL 33139

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