DOUBLE LOT WATERFRONT DEVELOPMENT OPPORTUNITY IN NORMANDY ISLES MIAMI BEACH
Asking $2,003,999 – Multiple Development Choices
This is an off-market commercial offering with a choice of multiple opportunistic builds across 2 lots located on Calais Drive.
Main permitted uses on this land, in the RM-1 residential multifamily, low density district are:
1. Apartments – Up To 20 Units
2. Hyper-Luxury Homes (1-2)
3. Townhouses – Up to 7 Units
Conditional uses in the RM-1 residential multifamily, low density district are:
1. Day Care Facility
2. Religious Institutions
What about boats? – There is 105 linear feet of waterfront. Upgrade seawall, add a dock and make application for boat slips.
DISCLOSURES: While it is possible to rehabilitate the existing structure, highest and best use can effectively achieved by demolishing, excavating and new construction. Presently, there is a City of Miami Beach lien for unfinished, vacant, unoccupied structure and a Miami-Dade County lien for unsafe structure. Said liens would only be properly eliminated after compliance and this is swiftly accomplished by demo and lot prep. At asking price, money to payoff liens shall be held in escrow, at closing, and delivered to the appropriate municipalities; otherwise, negotiation of ask price is open with consideration of lien assumption. Recent title commitment, lien search and survey(s) are available upon request.
Available on 07.31.2020
Don’t let this excellent opportunity pass you by! Get it yours now!