USD 7,500,000

1255 WEST AV
Miami Beach, Florida 33139

For Sale

Property Description

50% INTEREST TO BUILD 34,500 SQ. FT. OR POSSIBLY MORE WITH FLORIDA LIVE LOCAL ACT OF A CONDO, HOTEL, CONDO HOTEL, OR HOSTEL. CURRENT HOSTEL, HOTEL & 5AM LIQUOR LICENSES OPERATING FOR OVER 13 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. ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE.

Listed by The Muskat Group, Inc.

Property Details

ID #
A10497673
Status
Sale
Type
Commercial, Industrial, Hotel
Zip Code
33139
Building Area
1,634ft2
Year Built
2020
Parking Spaces
9
Occupancy
Call Listing Agent
Parking
Assigned Parking
Type of Building
Hotel/Motel, Restaurant/Bar
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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