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SEARCHING FOR AN EXPERIENCED HOTEL PARTNER TO JOINT VENTURE DEVELOP & FINANCE THE CONSTRUCTION OF THE LAST NEW HOTEL OPPORTUNITY ALLOWED ON WEST AVE.
Florida, Miami Beach
$4,495,000 / AED16,507,529
Location: Florida, Miami Beach
Plot size & built up area: Sqft
Property Availability Status :
50% INTEREST OF 17,250 SQ. FT. LAND 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-231629632 |
| Ref/MLS No: | A10497675 |
| 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 |