*Multi-Family Development Opportunity in Amazing Location.* Zoned RM-1 with F.A.R of 1.25. Lot area is 11,250 SF allowing 14,062 SF of buildable floor area. Opportunity to purchase adjacent property for a combined lot area of 18,750 SF. Perfect location to build condos or townhouses. Existing structure is a beautifully updated 3 bed/3 bath residence with pool that can be rented while developer moves through planning and permitting stage. This is Centrally located just steps away from everything South Beach has to offerâ€” Lincoln Road, Shopping, Movie theater, Restaurants, Sunset Harbour, Jackie Gleason Theater, Convention Center, Weekend farmer's market, and the beach. May apply for additional conditional uses.