Great Property near Miami River
Located 2 blocks east of the burgeoning Miami River entertainment district, which houses restaurant/bars like Kiki on the River, Seaspice, The Wharf, Garcia’s, Casablanca, and more.
Also, it’s 2 blocks west from the MiamiCentral Brightline Station, the property is poised to benefit from the growth around the station.
Metro 1 Commercial LLC is proud to present the classic Demetree Hotel, a 25 key hotel currently operated by The Copper Door B&B, plus a 5,000 SF retail portion housing a lost-in-time speakeasy bar, ready to be resurrected, as well as 3 other retail units.
The Property has a fresh new lease for the entire building, generating $400K +/- in NOI.
- Renovated in 2018
- Currently operating and generating cash flow
- Additional Value add on the ground floor retail
- Two blocks away from the MiamiCentral Brightline Station
- Two blocks away from the Miami River Entertainment District
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 3246
- Price $6,650,000
- Property Type Hotel, Retail
- Property status For sale, SOLD \ Out of Market
- Size 13,167 SqFt
- Cap Rate 6.08%
- Zoning T6-8 O
- Price Per Sqft $505.05
- Investment Type Value Add
- Occupancy 100%
- NOI $403,997
- Keys 25
- Year Renovated 2018
- Stories 2