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$8,350,000
Est. payment /mo
8,766 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,766 sqft
Price per Sqft $952
MLS Listing ID A11792314
HOA Y/N No
Year Built 1937
Annual Tax Amount $83,246
Lot Size 6,500 Sqft
Property Sub-Type Hotel/Motel
Property Description
A fully renovated, two-story hostel with 26 rooms and just a block from the ocean – that's a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for a liquor license in the lobby really open up possibilities for increased revenue. Being surrounded by ultra-luxury condos and steps from those iconic restaurants definitely underscores the value of this location. This seems like a unique opportunity to tap into the South Beach hospitality market with significant growth potential.
Location
State FL
County Miami-dade
Area 30
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 02-42-03-003-0530
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11792314
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Listed by APEX Capital Realty LLC
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Milton Knight
Principal Real Estate Broker | License ID: 0663675
Principal Real Estate Broker License ID: 0663675