Great long-term investment/new development opportunity! Offered at $2.5M are a multi-family zoned (RM 40) bayfront 12,000-SF lot with 80 FT of WF & a low-rise, 10-unit multi-family apartment building – rented & income-producing. The lot is on a Ground Lease with the building, & the lease can be cancelled upon closing of the lot & the building, if sold to the same buyer. Lot is offered at $1M, and building is offered separately at $1.5M. North Bay Village is an up-and-coming waterfront community with great potential for the near future, & it allows short-term & Airbnb rentals. Keep the current income-producing building, build a new multi-family building, or build a single-family home. Single-family land on S Treasure currently sells at $200-$250/SF.
