Home » Miami Beach » 538 Meridian Ave, Miami Beach, FL 33139 | A11516907

538 Meridian Ave, Miami Beach, FL 33139 | For Sale

$12,500,000

Property Highlights

Listing ID A11516907 Status of this Listing: Active For Sale Property Type Commercial Sale Mixed Use Building Area 18,301 Sqft/1700.22 m2 approx. Lot area 18,301 Sqft/1700.22 m2 approx. Year Built 2019 This listing had previously gone off the market, and it is now Back on the Market. Time of this property on Rebonus 200 Day(s)
25 Photos of this Property

538 Meridian Ave, Miami Beach, FL 33139

Property Description: Unique asset in South Beach, on Meridian and 5th Ave. Triple-Net (NNN) leaseback to CVC. CVC Corp is one of the largest travel groups in Latin America, with brands that operate in Brazil, Argentina and the United States, in the segments of vacation and leisure, corporate/business, education (cultural exchange abroad), management and rental of residences. 538 Meridian Ave offers a prime investment opportunity with 12 units featuring 2 bedrooms, 16 bathrooms, and a total of 24 beds. Spanning 18,301 square feet, the property is centrally located in South Beach, allowing easy access to popular attractions. In the heart of South Beach, ½ a mile from the ocean.

Useful Info

Original List Price:$12,500,000

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Construction Materials:
  • Block
Flooring:
  • Carpet
  • Ceramic Tile
Structure Type:
  • Hotel/motel

Property Features

Waterfront:No
Security:
  • Smoke Detector(s)
  • Fire Sprinkler System
  • Fenced

Taxes and Expenses

Tax Annual Amount:$79,555

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Call Agent
Lease Considered:No

Community

Senior Community:No

Parking

Garage:Yes
Covered Spaces:0
Parking Features:
  • Garage
  • Covered
  • Guest

More Details

Other Information:
Flood Zone : AE
FEMA Flood Zone Designations: AE
Subdivision Number: 9

Zoning and Legal

Tax Legal Description:3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 74 LOT SIZE 50.000 X 140 OR 22680-3236 0904 4
Real Estate Folio Number (Parcel Number):02-42-03-009-4930
Zoning Description:6503
Public Survey Range:42

Listing History

Update/EventDate/Days
Published Date:January 18, 2024 11:09 am
On Market Date:January 18, 2024
Price Change Date Time:January 18, 2024 10:10 am
Last Important Update Description:Back On Market
Date and Time of Last Important Update:July 16, 2024 8:53 am
Status Last Changed:July 16, 2024 8:53 am
Photos Last Modified:July 16, 2024 1:03 pm
Last Modified:August 5, 2024 8:38 pm
Days on the Market Reference Date:August 5, 2024
Days on the Market (updated on Last Modified*):199
Cumulative Days on the Market (updated on Last Modified**):731

Additional Information

Number of Photos Count:25
Area:42
Ref ID:1058373980
Courtesy of:Elite International Realty Inc
Universal Property Id:US-12025-N-0242030094930-R-N

Location

Show Property Address:Yes
Street Name:Meridian Ave
Street Number:538
Street Address:538 Meridian Ave
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade County
Full Address:538 Meridian Ave, Miami Beach, FL 33139
Latitude:N25° 46' 31.4''
Longitude:W81° 51' 49''

Neighborhood

Postal City:Miami Beach

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