USD 8,990,000

1255 WEST AV
Miami Beach, Florida 33139

For Sale

Property Description

BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 8 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT/LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS AND ROOFTOP POOL, CABANAS OR IF 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.

Listed by The Muskat Group, Inc.

Property Details

ID #
A10497669
Status
Sale
Type
Business Opportunity, Commercial
Type of Business
Hostel w/Hotel Development
Zip Code
33139
Building Area
1,634ft2
Year Built
2020
Parking Spaces
9
Location
Corner Lot
Occupancy
Call Listing Agent
Parking
Assigned Parking
Utilities
Internet
Zoning Information
40/MUL M

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