The ±7,000 SF lot features a well-maintained ±2,400 SF commercial building at the front, providing immediate stability, while a secondary rear structure offers a clear path for removal and new vertical development.
This parcel is uniquely positioned to pursue a significantly larger and more ambitious project than what is traditionally achievable in SoFi. While specific parameters are shared privately, the expanded development flexibility materially elevates the site’s potential into a rare platform for a modern tower rising discreetly behind a preserved street façade.
This combination of existing income, a protected commercial frontage, and an unusually accommodating rear build zone makes 410 Meridian one of the few remaining lots in South of Fifth capable of supporting a project of real architectural and economic significance. Its walkability to the beach, South Pointe Park, and the neighborhood’s premier dining further enhances its desirability.
Full feasibility concepts and development ranges are available to qualified parties upon request.
Miami Beach, FL, 33139
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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