Property 560 Michigan Avenue, Miami Beach, FL 33139 for sale with MLS# A12057167
This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.
560 Michigan Avenue, Miami Beach, FL 33139
- Price:
- $5,600,000.00
- Original List Price:
- $5,800,000.00
- List Price per Sq Ft (Calculated, Approx.):
- $1,013.75
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Multi Family
- Description of Last Important Update:
- Price Reduced
- Last Major Update on:
- September 21, 2026 3:09 pm
- Built-Up Area:
- 5,524 Sqft
- Lot Area:
- 10,000 Sqft
- Lot Size Acres:
- 0.23
- Year Built:
- 1937
- Number of Buildings:
- 2
- Number of Units Total:
- 2
- Construction Materials:
- Block
- Number of stories:
- 2
- Flood Zone Code:
- AE
- Parking Total Spaces:
- 9
- Parking Features:
- Assigned
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Conventional
- Tax Legal Description:
- 3-4 54 42 3-4 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 E100FT OF LOT 1 BLK 98 LOT SIZE 50.000 X 100 OR 21279-3773 022003 6 COC 24635-1561 06 2006
- Real Estate Folio Number (Parcel Number):
- 0242030097780
- Zoning:
- 6503
- Active on the market since:
- July 20, 2026
- Listing Agreement executed on:
- July 20, 2026
- Price change occurred on:
- September 21, 2026 3:09 pm
- Listing Status Last Changed On:
- July 20, 2026 4:00 am
- Photos updated on:
- September 21, 2026 2:09 pm
- Last Modified:
- October 31, 2026 3:49 am
- Courtesy of:
- The Corcoran Group
- Attribution:
- Not provided
- Street Name:
- Michigan
- Street Number:
- 560
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 46' 32.2''
- Longitude:
- W81° 51' 41.1''
- Street Suffix:
- Avenue
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Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Ver la propiedad 560 Michigan Avenue, Miami Beach, FL 33139
