Address
1255 WEST AV Miami Beach, FL
Price
$ 8,990,000
Property Attributes
  • MLS#A10497653
  • TypeLand
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • Zip33139
  • StyleBusiness
  • Price$ 8,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1634
  • Lot Size0.33 Acres
Listing Provided Courtesy Of:
The Muskat Group, Inc.
Property Description

LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL OR CONDO. CURRENTLY OPERATING FOR OVER 8 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT/LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.

Price History
7/7/2018 Listed $4,990,000

General Features

Current Use HotelMotel
MLS Area 32
Property SubType Business
Property Type Land
Sewer PublicSewer
Zoning Description 40/MUL M

Interior Features

Living Area 1634.0

Exterior Features

Building Area Total 1634.0
Covered Spaces 0.0
Lot Features Item1Acre
Lot Size Acres 0.33
Lot Size Area 17250.0
Lot Size Square Feet 17250.0
Number of Lots 3
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33139

Price
AVG $5.33M
$8.99M
Visits
AVG 99
295
Walkscore
AVG 57
90
Data Provided by Walkscore ® not using MLS data

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