Description

Prime investment opportunity in South Beach. This income-producing five-unit boutique building sits on a corner lot at Meridian Avenue and 8th Street, one of the most picturesque and desirable residential locations in Miami Beach. The property offers strong upside potential and is zoned 4900 Multi-Family with a 1.25 FAR,potential for up to approx 5,250 square feet of buildable area. An excellent candidate for redevelopment, condo deconversion to multifamily, or value-add renovations to increase rental income. Great for a 1031 buyer and provides stable rental income, with historically high occupancy throughout ownership. The property includes five tandem, partially covered parking spaces accommodating up to 10 cars. A rare and versatile South Beach asset within walking distance of the beach, Flamingo Park, shops, restaurants, and the sought-after South of Fifth neighborhood.

Address

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Address: Meridian
City: Miami Beach
State/county: Miami-Dade
Zip/Postal Code: 33139
Area: Miami Beach

Details

Updated on August 8, 2026 at 4:55 am

Property ID A12066561
Price $1,890,000
Land Area 0.1 Sq Ft
Type Multi Family
Property Status Commercial Sale

Additional details

BuildingAreaTotal 3200
BuildingFeatures Storage
CLIP 8382027650
ConstructionMaterials Block
ContractStatusChangeDate 2026-08-07
Cooling Wall/Window Unit(s)
CumulativeDaysOnMarket 1
CurrentPrice 1890000
DaysOnMarket 1
DaysOnMarketReplication 1
DaysOnMarketReplicationDate 2026-08-07
DaysOnMarketReplicationIncreasingYN 1
Directions From Alton Road, head east on 8th Street toward Meridian Avenue. The property is located on the corner of 8th Street and Meridian Avenue. Look for the boutique building with partially covered parking.
DocumentsAvailable Aerial, Bylaws And Amendments, Financials, Lease, Rent Rolls
DocumentsCount 0
FinancialDataSource Accountant
Flooring Laminate, Tile
Heating Wall Furnace
InternetAddressDisplayYN 1
InternetEntireListingDisplayYN 1
ListAOR Miami REALTORS
ListAgentAOR Miami Association of REALTORS
ListAgentDirectPhone 305-979-9963
ListAgentEmail uriredler@gmail.com
ListAgentFirstName Uri
ListAgentFullName Uri Redler
ListAgentKey 26757095
ListAgentKeyNumeric 26757095
ListAgentLastName Redler
ListAgentMlsId SEF3348890
ListAgentNationalAssociationId 279604343
ListAgentOfficePhone 305-776-6222
ListAgentPreferredPhone 305-979-9963
ListAgentStateLicense 3402657
ListOfficeAOR Miami Association of REALTORS
ListOfficeEmail christianneoropallo@gmail.com
ListOfficeKey 5902120
ListOfficeKeyNumeric 5902120
ListOfficeMlsId SEFLN3I01
ListOfficeName Location3 International, LLC.
ListOfficePhone 305-776-6222
ListingAgreement Exclusive Right To Sell
ListingContractDate 2026-08-06
ListingKey 1179275463
ListingKeyNumeric 1179275463
ListingTerms Cash, Conventional
LotFeatures Corner Lot
LotSizeArea 4200
MLSAreaMajor 2420
MajorChangeTimestamp August 6, 2026 at 12:00am
MajorChangeType New Listing
MapCoordinateSource Imported
MlsStatus Active
MobileDimUnits Feet
ModificationTimestamp August 8, 2026 at 02:10am
NumberOfBuildings 1
NumberOfUnitsTotal 5
OccupantType Call Agent
OnMarketDate 2026-08-06
OnMarketTimestamp 2026-08-06T00:00:00.000-00:00
OpenHouseModificationTimestamp 2026-08-07T22:08:37.313-00:00
OriginalEntryTimestamp August 7, 2026 at 03:42pm
OriginalListPrice 1890000
OriginatingSystemID M00000151
OriginatingSystemKey 634691812
OriginatingSystemListAgentMemberKey 1190222
OriginatingSystemListOfficeKey 199608942
OriginatingSystemModificationTimestamp 2026-08-07T22:08:37.313-00:00
OriginatingSystemName BEACH
OriginatingSystemSubName BEACH_MIAMI
ParcelNumber 0242030700001
ParkingFeatures Guest
ParkingTotal 5
Permission IDX
PhotosChangeTimestamp August 8, 2026 at 02:10am
PhotosCount 68
Possession Negotiable
PostalCity Miami Beach
PostalCode 33139
PostalCodePlus4 0000
PropertyCondition Resale
PropertySubTypeAdditional Multi Family
PublicSurveyTownship 2
Roof Tile
SecurityFeatures Fire Alarm, Other, Smoke Detector(s)
Sewer Public Sewer
SourceSystemID TRESTLE
SourceSystemKey 1179275463
SourceSystemName flexmls
StateOrProvince FL
StatusChangeTimestamp August 6, 2026 at 12:00am
StoriesTotal 2
StreetName Meridian
StreetNumber 759
StreetNumberNumeric 759
TaxLegalDescription 759 BUILDING INC CONDO OCEAN BEACH ADDN NO 3 PB 2-81 LOT 16 LESS E56FT BLK 59
TenantPays Gas
UniversalPropertyId US-12025-N-0242030700001-R-N
Utilities Natural Gas Connected
VideosChangeTimestamp 2026-08-08T02:10:38.583-00:00
VideosCount 0
WaterSource Public
Zoning 4900