AT $5M SELLER WILL CONSIDER A JOINT VENTURE WITH EXPERIENCED HOTEL PARTNER TO DEVELOP & FINANCE CONSTRUCTION OF THE LAST NEW HOTEL ALLOWED ON WEST AVE
Florida, Miami Beach
$8,990,000 / AED33,015,057
Location: Florida, Miami Beach
Plot size & built up area: Sqft
Property Availability Status :
LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL. CURRENTLY OPERATING FOR OVER 7 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 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.
General Description | |
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Web Reference: | RO-RETSCLS-MX-1657125425 |
Ref/MLS No: | A10497653 |
Country: | United States |
State: | Florida |
City: | Miami Beach |
Latitude: | 25.783728 |
Longitude: | -80.141998 |
Exclusive: | No |
Property Type: | Commercial |
Commercial Property Type: | Farms & Land |
Furnished: | No |
Tenanted: | No |
No. of Bathrooms: |
Attributes | |
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Lot/Plot Size SqF: | 17250.00 |
Lot/Plot Size SqM: | 1602.27 |