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EXISTING RESTAURANT / BAR TO 5AM & OVER 200 BED HOTEL HOSTEL PROFITABLY OPERATING FOR >5 YEARS WITHIN 11,200 SQ. FT, 35 ROOMS AND 17,250 SQ. FT. LAND.
Florida, Miami Beach
$8,990,000 / AED33,015,057
Location: Florida, Miami Beach
Plot size & built up area: Sqft
Property Availability Status :
BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 7 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS 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 AND ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.
| General Description | |
|---|---|
| Web Reference: | RO-RETSCLS-MX-255858301 |
| Ref/MLS No: | A10497662 |
| Country: | United States |
| State: | Florida |
| City: | Miami Beach |
| Latitude: | 25.783728 |
| Longitude: | -80.141998 |
| Exclusive: | No |
| Property Type: | Commercial |
| Commercial Property Type: | Hotel/Hotel Apartments |
| Furnished: | No |
| Tenanted: | No |
| No. of Bathrooms: |
| Attributes |
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