USD 5,195,000

Miami Beach, Florida 33141

For Sale

Property Description

6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 square feet each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel.
With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.

Listed by Riviera Horizons LLC

Property Details

ID #
A10818424
Status
Sale
Type
Commercial, Industrial
Zip Code
33141
Building Area
9,454ft2
Year Built
1939
Occupancy
Tenant Occupied
Type of Building
Hotel/Motel, Residential-Multi-Family
Utilities
Internet
Zoning Information
3900

Neighbourhood Map

Map is not available for this listing
Listing content provided by the Miami Association of REALTORS

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