12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int’l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller’s master lease income with tenant, not hospitality’s income).
Property Details
Price:
$12,500,000
MLS #:
A11668761
Status:
Active
Beds:
0
Baths:
0
Address:
538 Meridian Ave
Type:
Commercial
Subtype:
Hotel/Motel
City:
Miami Beach
Listed Date:
Sep 23, 2024
State:
FL
Finished Sq Ft:
18,301
Total Sq Ft:
18,301
ZIP:
33139
Year Built:
2019
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Schools
Interior
Flooring
Carpet, Ceramic Floor
Exterior
Construction Materials
C B S Construction
Parking Features
Covered, Garage, Guest, Loading Spaces, No Truck/ Trailer
Financial
Taxes
$79,555
Map
Community
- Address538 Meridian Ave Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
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