BRING ALL OFFERS! Centrally located revitalized area with 134 feet along the river! Currently used as hotel, $300K income and 12.05% cap rate.

Florida, Miami

$2,300,000 / USD2,300,000

Location: Florida, Miami Plot size & built up area: Sqft Property Availability Status :
OWNER SAYS SELL! BRING ALL OFFERS! Great deal on a centrally located revitalized area. Currently used as a hotel with $300K gross income and 12.05% cap rate. The property has 134 feet of waterfront, and overlooks the river that runs behind plus there is a scenic park just on the other side of the river. The location is within a close proximity to Wynwood and shopping districts with just a short distance to the beach. This building is currently used as a 12 unit hotel. (Tax record reflects 8 apt. units.) The two adjoining properties are also available...providing 445 feet along the river, which would be great for redevelopment. Call for more details.
General Description
Web Reference: RO-RETSCLS-MX-2058865453
Ref/MLS No: A10492361
Country: United States
State: Florida
City: Miami
Latitude: 25.846835
Longitude: -80.186555
Exclusive: No
Property Type: Commercial
Commercial Property Type: Hotel/Hotel Apartments
Furnished: No
Tenanted: No
No. of Bathrooms:
Attributes
Lot/Plot Size SqF: 12803.00
Lot/Plot Size SqM: 1189.21