Hotel Opportunity in Miami

For sale


Property ID


INVESTORS: UPSIDE GALORE! Welcome to Saville Palms: substantially renovated multi-family compound with 8 apartments (3,796 SF leasable space) in 2 stand-alone buildings on a 7,200 SF lot with Miami 21 T5-L zoning, allowing for short-term rentals, hotel, live-work, food service, general commercial, and recreation.

As a vacation/short-term rental, this property could generate $250K+ gross income with ~$175K+ NOI, for a cap-rate ~9%! Bonus: property comes with valuable Palm Grove Historic District TDR entitlements.

All in a non-flood zone, steps from all the hip MiMo District restaurants and shops, just a few blocks from the upcoming multi-billion dollar Magic City Innovation District, and minutes to Design District, Mid-Town, Downtown and The Beaches.

Opportunity awaits!


  • Construction Materials: CBS Construction
  • Buyer Agency Compensation: 3%
  • Showing Instructions: Call Listing Agent, Showing Assist

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Address: 570 NE 68th St, Miami, FL
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 4660
  • Price $2,850,000
  • Property Type Hotel
  • Property status For sale
  • Year Built 1937
  • Building Size 4,554 sqft


Zena Bardawell Farah

Property Agent
+1 305-967-7200
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