1580 Bay Rd, Miami Beach FL 33139

Description

Rare full corner assemblage development opportunity in Miami Beach! 3 parcels include three fully leased fourplexes on 15,250 SF of land in a quiet, BAY ACESS, no-flood zone just steps from Lincoln Rd, new 50,000 sqft Whole Foods under construction, and Sunset Harbour. Zoned RM-2 with 2.0 FAR and 60-ft height as-of-right, the site allows for approximately 30,500 buildable SF ideal for 30 boutique luxury condo units. Generate income during planning from 12 units. 24 bed 18 baths. Surrounded by high-performing luxury projects like Monad Terrace and Capri. There is also significant potential under Florida’s Live Local Act (SB 102), which may allow increased height, FAR (up to 3.0), and additional development flexibility if a rental project with 40% affordable/workforce housing is pursued.

This income/multifamily home located at 1580 Bay Rd, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 118 days. This property is listed at $9M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1954. 1580 Bay Rd, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.