USD 12,000,000

1255 WEST AV
Miami Beach, Florida 33139

For Sale

Property Description

LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL OR CONDO. CURRENTLY OPERATING FOR OVER 8 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY 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 & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.

Listed by The Muskat Group, Inc.

Property Details

ID #
A10497653
Status
Sale
Type
Commercial, Land
Zip Code
33139
Building Area
1,634ft2
Lot Area
14,375ft2
Water Source
City/mains water
Septic
City sewer
Location
Corner Lot
Lot
Less Than 1 Acre
Road Type
City/County Maintained
Utilities
Internet
Zoning Information
40/MUL M
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 3.0%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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