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
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
Lot/Plot Size SqF: 17250.00
Lot/Plot Size SqM: 1602.27