Mixed-Use

411 Michigan Ave - Development Site

411 Michigan Ave, Miami Beach, FL 33139

Listing Price: $2,200,000

Lot Size
0.16 acres
Price/Acre
$13,690,286
Land Type
Redevelopment

Investment Overview

The Subject property is uniquely located in the southernmost neighborhood of Miami Beach, strategically positioned on the southeast corner of 4th Street and Michigan Ave. The subject property is just a few blocks east of Alton Road which connects to the MacArthur Causeway. The Macarthur Causeway is the connecting thoroughfare from South beach to the Miami mainland, providing access to Miami International Airport, Port Miami, I-395, Interstate-95 and the Dolphin Expressway. Other major thoroughfares providing access to the site include Collins Avenue, Washington Avenue and the Venetian Causeway. The property is surrounded by some of Miami Beach's most iconic restaurant and entertainment venues such as Joes Stone Crab, Smith & Wollensky, Story Nightclub, Big Pink restaurant and Prime 112, all of which are a short walk of the subject property. The “South of Fifth” neighborhood is also known as “Walkers Paradise” for its proximity to fine dining, casual dining, supermarkets, the beach, various parks, and so on. The South of Fifth neighborhood has experienced consistent development growth, with a focus on boutique luxury residential development projects nearby including 321 Ocean, a 21-unit luxury residence garnering international attention prior to its completion in 2015. In addition to 321 Ocean, the South of Fifth neighborhood now boasts six unique and recently completed luxury projects including 350 Meridian, Glass, Louver House, Marea South Beach, One Ocean and Three Hundred Collins.

Investment Highlights

  • Prime location in the elite South of Fifth neighborhood in South Beach
  • Can build 41 hotel rooms, with retail at the bottom
  • Just a few blocks away from the Atlantic Ocean

Exclusively Listed By

Mixed-Use

411 Michigan Ave - Development Site

Listing Price: $2,200,000

Lot Size
0.16 acres
Price/Acre
$13,690,286
Land Type
Redevelopment

Investment Highlights

  • Prime location in the elite South of Fifth neighborhood in South Beach
  • Can build 41 hotel rooms, with retail at the bottom
  • Just a few blocks away from the Atlantic Ocean

Investment Overview

The Subject property is uniquely located in the southernmost neighborhood of Miami Beach, strategically positioned on the southeast corner of 4th Street and Michigan Ave. The subject property is just a few blocks east of Alton Road which connects to the MacArthur Causeway. The Macarthur Causeway is the connecting thoroughfare from South beach to the Miami mainland, providing access to Miami International Airport, Port Miami, I-395, Interstate-95 and the Dolphin Expressway. Other major thoroughfares providing access to the site include Collins Avenue, Washington Avenue and the Venetian Causeway. The property is surrounded by some of Miami Beach's most iconic restaurant and entertainment venues such as Joes Stone Crab, Smith & Wollensky, Story Nightclub, Big Pink restaurant and Prime 112, all of which are a short walk of the subject property. The “South of Fifth” neighborhood is also known as “Walkers Paradise” for its proximity to fine dining, casual dining, supermarkets, the beach, various parks, and so on. The South of Fifth neighborhood has experienced consistent development growth, with a focus on boutique luxury residential development projects nearby including 321 Ocean, a 21-unit luxury residence garnering international attention prior to its completion in 2015. In addition to 321 Ocean, the South of Fifth neighborhood now boasts six unique and recently completed luxury projects including 350 Meridian, Glass, Louver House, Marea South Beach, One Ocean and Three Hundred Collins.

Exclusively Listed By

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