560 Michigan Avenue, Miami Beach, FL 33139
$5,800,000
Property Type:
Commercial Sale
Square Footage:
5,524
Status:
Active
Current Price:
$5,800,000
List Date:
7/20/2026
Last Modified:
7/21/2026
Overview
Description
...
(Read more)
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.
Listing Details MLS# A12057167
General Property Information
- Number Of Buildings
- 2
- Property Sub Type
- Multi Family
- Number Of Units Total
- 2
- Price Per Unit
- 644444
- Occupant Type
- Call Listing Agent
- Building Area Main
- 5524
- Year Built
- 1937
- Parking Total
- 9
- Lot Size Area
- 10000
- Lot Size Acres
- 0.23
- Stories Total
- 2
Property Features
Parking Features:
Assigned
Construction Materials:
Block
Listing Terms:
Cash; Conventional
Contract Information
- Comp Sale YN
- No
- Original List Price
- 5800000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 560
- Street Name
- Michigan
- Street Suffix
- Avenue
- City Name
- Miami Beach
- Municipal Code
- 2
- State Or Province
- FL
- Postal Code
- 33139
- Postal Code +4
- 6318
- Area
- 2420
- Parcel Number
- 0242030097780
- Subdivision Number
- 9
- Zoning
- 6503
- Flood Zone
- AE
Financial Information
- 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
Status Change Information
- Major Change Timestamp
- 2026-07-20T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-07-21
More Information
Meter Information
- Number Of Meters Total
- Yes
Description of Unit Type 1
- Unit Type
- 1 Bedroom
- Units Total
- 5
- Furnished
- Yes
Description of Unit Type 2
- Unit Type
- 2 Bedroom
- Units Total
- 4
- Furnished
- Yes
Price Calculations
- Current Price To SqFt
- 1049.96
Section Details
- Parcel Number MLX
- 7780
Originating Details
- Originating System Key
- 534471221
- Originating System ID
- M00000151
Listing Office:
The Corcoran Group
Last Updated: July - 21 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
