Property > Commercial > > United States > Florida > IMMACULATE 21 UNIT BUILDING IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH
IMMACULATE 21 UNIT BUILDING IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH
Florida, Miami Beach
AED 17,995,961 ( $4,900,300)
Property Type:
Commercial
Unit Type:
Hotel/Hotel Apartments
Location: Florida, Miami Beach
Bedrooms:
Studio
Plot size: 11,000 Sq ft
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IMMACULATE 21 UNIT HOTEL IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH, VERY WELL MAINTAINED. BUILDING HAS 4 1BED/1BATH UNITS, 9 REGULAR 1 BED UNITS, AND 8 HOTEL ROOMS.
THE SORRENTO VILLAS IS CURRENTLY OPERATING BELOW COMPETITIVE SET ADR AND OCCUPANCY. THE HOTEL WILL BE OFFERED UNENCUMBERED MY MANAGEMENT, ALLOWING A NEW OPERATOR TO EMPLOY MORE AGGRESSIVE SALES, MARKETING AND REVENUE MANAGEMENT TECHNIQUES. THE SORRENTO VILLAS PRESENT AN INVESTOR WITH THE OPPORTUNITY TO ACQUIRE AN ASSET IN A HIGHLY DESIRABLE REGION, FOR A PRICE WELL BELOW REPLACEMENT COST.
General Description | |
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Web Reference: | RO-RETSCLS-MX-1200812200 |
Listing Ref No: | A10725095 |
Country: | United States |
City: | Miami Beach |
State: | Florida |
Latitude: | 25.8609 |
Longitude: | -80.12237399999998 |
Exclusive: | No |
Property Type: | Commercial |
Commercial Property Type: | Hotel/Hotel Apartments |
Furnished: | No |
Tenanted: | No |
Attributes | |
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Lot/Plot Size SqF: | 11000.00 |
Lot/Plot Size SqM: | 1021.74 |
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No warranties or representations are made of any kind.