BreakThru Realty

560 Michigan Avenue, Miami Beach, FL 33139

$5,600,000 · $1,014 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $5,600,000
  • Price per sq ft: $1,014
  • Building size: 5,524 sq ft
  • Lot size: 10,019 sq ft
  • Zoning: 6503
  • Year built: 1937
  • Units: 2
  • Stories: 2
  • Buildings: 2
  • Parking spaces: 9
  • Parcel ID: 0242030097780
  • MLS#: A12057167
Photo 1 at 560 Michigan Avenue, Miami BeachPhoto 2 at 560 Michigan Avenue, Miami BeachPhoto 3 at 560 Michigan Avenue, Miami BeachPhoto 4 at 560 Michigan Avenue, Miami BeachPhoto 5 at 560 Michigan Avenue, Miami BeachPhoto 6 at 560 Michigan Avenue, Miami BeachPhoto 7 at 560 Michigan Avenue, Miami BeachPhoto 8 at 560 Michigan Avenue, Miami Beach

About this property

This income producing property includes two renovated buildings in Miami Beach with furnished one & two bedroom apartments, licensed for short term rentals and currently leased on an NNN basis to an operating company. A future owner can choose to keep the operating company in place, enjoying steady income not subject to occupancy fluctuations, or instead operate under own management. The remodeled 9 units offer fully equipped kitchens & bathrooms as well as central AC. The property consists of two separate folios and is located on a double corner lot at 6th Street and Michigan Avenue in the heart of South Beach, close to the 5th Street Mall and the new Five Park residential tower & City park. Ocean Drive, the beach as well as the exclusive South of Fifth neighborhood are just blocks away, making this an extremely attractive location for visitors and short term tenants. Zoning is CPS2 commercial - residential mix used - FAR 2,which allows further development up to 20,000 Sq/Ft. Please ask us for proposed design renderings.

Building Features and Utilities

  • Block

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom51 / ————
2 Bedroom42 / ————

9 units.

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

The Corcoran Group · Mercedes.Saewitz@corcoran.com · Listing agent: Frank Euler

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 560 Michigan Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 560 Michigan Avenue

How much is 560 Michigan Avenue?
560 Michigan Avenue is listed at $5,600,000, about $1,014 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 560 Michigan Avenue zoned?
The listing reports zoning of 6503. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 560 Michigan Avenue?
The listing reports 5,524 square feet of building.
When was 560 Michigan Avenue built?
560 Michigan Avenue was built in 1937. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 560 Michigan Avenue?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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