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Commercial: MLS #A11478399 Miami Beach, FL $ 16,500,000
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$ 16,500,000 Get more info
Commercial: MLS #A11478399
$ 16,500,000
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Commercial: MLS #A11478399

Miami Beach, FL, 33139
$ 16,500,000
Baths0.0 Sq 15,457

Monthly Estimate*

$ 109,664

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Studio

Commercial Property for sale in Miami Beach, FL

for $16,500,000. This 15,457 square foot building was built in 1923 on a lot size of 0.149219.

Located in a world-class destination in Miami Beach's South of Fifth Neiborhood. This fully renovated trophy hotel is just steps across from one of the most beautiful beaches in the world, the iconic South Pointe Beach surrounded by the best restaurants in Miami and the Country. All 25 suites are equipped w/full kitchens, catering to longer-staying guests. There is currently a cafe in the lobby that can be expand to a 40-seat cafe/restaurant currently has a full liquor license + commercial kitchen. A phenomenal investment rarely available in SoFi, surrounded by 3 bodies of water. The Hotel is passing the 40-year re-certification fully remodeled. Airb&b approved and making money. The value of this Hotel is the Real Estate 25 apartment hotel units and its location.

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Commercial Active

Price

$ 16,500,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 71,399

Style

HotelMotel

Lot Size

0.149219

Year Built

1923

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11478399
Features
General
Sewer PublicSewer
Heating Central Electric
Cooling CentralAir
Possession ClosingFunding CloseOfEscrow
Roof Concrete
Security Features FireSprinklerSystem SmokeDetectors
Construction Materials Block
Year Built 1923
Electric Item220Volts
Stories 3
Property SubType HotelMotel
Percent Ownership Limited Partnership
Waterfront Features OceanAccess
County Miami-Dade County
New Construction N
Property Type CommercialSale
HOA / Comm Assn N
Attached Garage N
Garage Y/N N
Status Active
City Miami Beach
View Y/N N
Senior Community Y/N N
Zoning Description 3003
Total Units 25
MLS Area 42
Lot Size Square Feet 6500.0
Private Pool N
Waterfront Y/N N
Carport Y/N N
Street Name Collins Ave
Listing Terms Cash
Property Attached Y/N N
Year Built Details Resale
Land Lease Y/N N
Tax Annual Amount 71399.0
Home Warranty Y/N N
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11478399
Days on Market 187
Structure Type HotelMotel
Standard Status Active
Occupancy Type CallAgent
Legal Description 3 54 42 OCEAN BEACH FLA SUB PB 2-38 LOT 9 BLK 3 LOT SIZE SITE VALUE OR 15799-2730 1292 4
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Interior
Flooring Tile
Basement (Y/N) N
Air Conditioning Y/N Y
Heating Y/N Y
Window Features ImpactGlass
Fireplace Y/N N
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Valet
Water Source Public
Lot Size Area 6500.0
Number of Buildings 1
Spa N
Building Area Total 15457.0
Lot Size Units SquareFeet
Covered Spaces 0.0
Number of Separate Electric Meters 1
Road Frontage Type CityStreet
Crops Included Y/N N
Open Parking Y/N N
Horse Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 205
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* Excluded Features
List By
One Sotheby's International Re

Broker

rortiz@onesothebysrealty.com

Email

Affordability Calculator

$115,614
Per Month
95%
5%
0%
Monthly Principal & Interest
$109,664
Monthly Property Taxes
$5,950
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
292769 Elementary School
292996 Middle School
Unknown High School High School
See complete school information
Pricing History
DatePricePrice ChangeDescription
5/22/2024$16,500,000 -5.71% Price Down
5/13/2024$17,500,000 -5.41% Price Down
11/17/2023$18,500,000 Listed Price

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