.png)
Property > Commercial > > United States > Florida > Subject property is just 500 feet from the ocean and is situated in one of the most important corners and intersection in South Beach.
Subject property is just 500 feet from the ocean and is situated in one of the most important corners and intersection in South Beach.
Florida, Miami Beach
AED 40,396,622 ( $11,000,000)
Property Type:
Commercial
Unit Type:
Hotel/Hotel Apartments
Location: Florida, Miami Beach
Bedrooms:
Studio
Plot size: 13,000 Sq ft
Watch Video
The units are individually owned under a Condominium form of ownership. Upon the closing of the purchase, the new owners would collapse the condominium and operate it either as a hotel or as a short term rental asset. Short term rentals are allowed under the current zoning. They are currently prohibited by the Condo Bylaws.
The zoning allows for many uses, retail, hospitality, apartments, and hotel are the uses allowed “as of right†per the current zoning. The property was built in 1960 and is considered historical as It is a Mid-Modern architecture. The zoning allows for up to 5 stories but the façade of the building would have to be restored as is. This is a redevelopment play to either operate the existing 26 units as an ab&B or to convert to 50 high end hotel suites
| General Description | |
|---|---|
| Web Reference: | RO-RETSCLS-MX-1807865095 |
| Listing Ref No: | A10475827 |
| Country: | United States |
| City: | Miami Beach |
| State: | Florida |
| Latitude: | 25.769421 |
| Longitude: | -80.13496600000002 |
| Exclusive: | No |
| Property Type: | Commercial |
| Commercial Property Type: | Hotel/Hotel Apartments |
| Furnished: | No |
| Tenanted: | No |
| Attributes | |
|---|---|
| Lot/Plot Size SqF: | 13000.00 |
| Lot/Plot Size SqM: | 1207.51 |
NB: All information displayed is believed to be accurate but is not guaranteed and should be independently verified.
No warranties or representations are made of any kind.