$ 4,777,000

1809 Washington Ave, Miami Beach, FL 33139 

  • MLS# A10118384
  • Days on site: 1145

INCREDIBLE PRICE! Half acre on Washington Ave, across from Miami Beach Convention Ctr. By owning this land, you will inherit a ground lease: tenant pays your property tax bill ($100,000) + $5000 annually for the next 29 years in exchange for parking on land. This land cannot be developed at the present time as its FAR was used by the tenant per the City of Miami Beach. Ideal for those who want to own a piece of Miami Beach for long term investment and/or eventual development. Huge ROI for the right buyer!

  • Listing Type Vacant Land
  • Listing ID A10118384
  • Lot Size 0.52 acres
  • Listing Status Active
  • County Miami-Dade
  • Subdivision Alton Beach 01
  • Taxes 111541.0
  • TaxYear 2015
Listing courtesy of Berkshire Hathaway HomeServices EWM Realty