1550 Meridian Ave, Miami Beach, FL 33139

1550 Meridian Avenue is an eight-unit multifamily asset in the heart of South Beach's most desirable district. All the units are generously scaled with private bedrooms (no Studio apartments) and remain fully occupied. Its proximity to Lincoln Road Mall, Flamingo Park, the Beach, New Convention Center, and the Entertainment District make it an attractive place to live for business owners and young professionals. Units feature wood floors, newer kitchens and baths, and many original features retained. Current zoning of the site is RM-1 allowing an FAR of 1.25. The 7,500-square foot site thus translates into a total buildable area of 9,375 square feet allowing an additional 4,144 square feet at the rear of the site. Please see Offering Memorandum for approved expansion plans.