Washington Avenue Development Opportunity | Miami Beach, FL
A once-in-a-lifetime opportunity to acquire approximately 0.50 acres on Washington Avenue in Miami Beach, directly across from the Miami Beach Convention Center. The property offers a highly visible location within the Convention Center/City Center area and presents an opportunity for investors, developers, and multifamily operators seeking a Miami Beach redevelopment site.
The property is currently paved and utilized as a parking lot for an adjacent tower under a ground lease, providing an existing interim use while future development plans are evaluated.
The property is zoned 4000 Residential #2 Multi Family Medium Density. Future development will likely require restoration of FAR, a variance, or utilization of the Live Local Act, together with coordination and cooperation with the neighboring tower. Prospective purchasers should conduct their own independent zoning, land-use, entitlement, and development analysis.
With its Washington Avenue frontage and immediate proximity to the Miami Beach Convention Center, the property offers a compelling setting for exploring multifamily development, residential redevelopment, and other permitted or potentially attainable development scenarios.
The City of Miami Beach continues to focus planning and redevelopment initiatives around the Convention Center/City Center and Washington Avenue corridor, including housing and redevelopment opportunities.