Albert Wilk broker of Wilk RealEstate Ltd. New-York and Florida licences
Since 1987
Albert Wilk, Licensed Real Estate Broker in New York & Florida

412 Ocean Dr, Miami Beach, FL 33139

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.
412 Ocean Dr

412 Ocean Dr, FL 33139

$8,000,000
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Year Built: 1947
Est. Taxes $ Yr.: $67,265
Zoning: 3003
Property type: Apartments / Condominium / Medical Office / Office Space / Office/Retail / Professional Hotel/Motel
Neighborhood: Miami Beach
Zip: 33139
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Please Call: 718-376-0606
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Listing courtesy of RE/MAX Advance Realty | MLS: A10612276
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