Investment land – Miami Beach, Florida, USA

Build a mansion, duplex, triplex… on this Amazing wide bay waterfront property in Miami Beach. The property is located between Indian Creek and La Gorce island close to the bridge to North Bay Village. The RM-1 Zoning (1.25 X lot size) allows a Single or a Multi-family building up to 11,180 s. f. (1.25 x 52 x 172) with up to 5 stories high construction. This is 2nd lowest price (after the listing next door MLS A11030088) in Miami Beach for a waterfront wide bay lot to build a property with over 11,000 s. f. The lot next to it on the north side (2140 Bay Rd) is also for sale MLS A11030088. The 2 lots together allow 22,360 s. f. building with 5 stories. The lot currently has a 1 story 5 units rental building. The property is Selling As Is and the price is based on land value.