Miami Area | Waterfront | Ocean Views | Investment Opportunity | Mixed Use Building | Hotel or Condos

Miami Area | Waterfront | Ocean Views | Investment Opportunity | Mixed Use Building | Hotel or Condos

North of Miami Beach, between the ocean and the intracoastal, sits a parcel with 4 yacht slips and frontage for up to 100 foot vessel in Ocean Drive. This site allows you to build a boutique hotel or condominium building with commercial spaces on the first floor, pending city approval. This beach neighborhood is minutes away from the boardwalk, Hard Rock Casino, Bal Harbor shops, Aventura Mall, Diplomat Golf Course, and the Dr. Von D. Mizell-Eula Johnson State Park (featuring boating, fishing, cycling, hiking and all water sports available to residents). With full ocean access, you can get to the Bahamas or any Caribbean island directly from the comfort of your private deck within one hour.

This double sized lot has an expansive waterfront deck that is spanning over 60 foot - one of the largest in the area. Zoning allows for Bed & Breakfast, hotel, restaurant, and many other uses including Airbnb.

The existing structure is a 3,118 square foot stand-alone building built in 1941. 4 bed 4 bath, 2 oversized living rooms, 2 chef kitchens, outdoor barbecue kitchen, outdoor patio, terrace and multiple parking spaces are the highlights of the current building.

Nearby, you will find grocery stores, coffee shops, restaurants such as Latitudes, Florio's Of Little Italy, and a vast selection of international cuisine restaurants.

This investment opportunity has a high return potential and the prospect of being an anchor of the redevelopment of Hollywood beach.