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1020 Pennsylvania Ave
Miami Beach, FL 33139
Land For Sale · 0.16 AC
PROPERTY FACTS
Description
RARE MULTIFAMILY DEVELOPMENT OPPORTUNITY IN THE HEART OF SOUTH BEACH. Located in the historic Flamingo Park neighborhood of Miami Beach, 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 1 block from Washington Ave, 2 blocks from Collins, and 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.
PROPERTY TAXES
| Parcel Number | 02-4203-009-1160 | Improvements Assessment | $0 |
| Land Assessment | $1,610,000 | Total Assessment | $1,610,000 |
PROPERTY TAXES
zoning
| Zoning Code | RM-1 (Multifamily high density with potential to build 24 condos/apartments or 54 hotel rooms) |
| RM-1 (Multifamily high density with potential to build 24 condos/apartments or 54 hotel rooms) |
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