Amazing Investment Opportunity in Miami Beach!

$11,499,000
For sale
3678 Property ID
6,000 SqFt Size

Description

Amazing Investment Opportunity in Miami Beach!

Commercial property (small hotel) for sale.

2 lots are included with this sale: 8,000 sq ft + 4,000 sq ft.

Folio# 02-3226-001-1220 and 02-3226-001-1250.

Currently operating as a boutique hotel one block away from the ocean.

52 hotel units, 4 buildings in total.

FAR is 2.0. RM-2 Zoning District.

The land has potential for an investor to increase the number of hotel rooms or develop apartments/short-term rentals.

HIGHLIGHTS

  • Lot Features: Inside Lot
  • Number Of Buildings: 4
  • Documents Available: Aerial Photo(S), Site Plans
  • Parking Features: On Street
  • Buyer Agency Compensation: 3%
  • Showing Instructions: Call Listing Agent

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Address

  • Address 220 31st St, Miami Beach, FL
  • Country United States
  • Province/State
  • City/Town
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Overview

  • Property ID 3678
  • Price $11,499,000
  • Property Type
  • Property status
  • Year Built 1939
  • Size 6,000 SqFt
  • Keys 52
  • Floors 3

Features

Contact

Zena Bardawell Farah

Property Agent

+1 305-967-7200
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