Vacant Land for Development

Beacon Hill Property Group is pleased to offer for sale 1425 Bay Road in Miami Beach, FL. This 6,000 square foot property represents the opportunity to acquire a vacant lot in one of the most desirable areas of Miami Beach. This property is ripe for redevelopment — the Miami Design Review Board has approved a 7,500 square foot multifamily building for this site.

Property Facts
Location
NE corner of Bay Road and 14th Terrace
Approved Development
7,500 sf multi-family/townhome project
Bay Views
Unobstructed water views from the 3rd and 4th floor
Status
Vacant lot
Lot
6,000 SF
Price
$1,690,000
Assemblage Opportunity

The potential to assemble a total of 21,000 square feet exists by acquiring 3 adjacent folios to the east. Lots 9, 10, 11 and 12 in the graphic below. As the South Florida market continues to grow across all economic sectors, we would expect a multifamily market rate apartment building, boutique condo project, short- term rental or spec single family homes to be the highest and best use for this site.

Map
Contact Brokers
Matthew Martinez
Principal
David Rothenstein
Managing Director