In the heart of Edgewater, unique and beautiful Mediterranean-style building
Description
In the heart of Edgewater, unique and hard to find beautiful Mediterranean-style building. Ideal for adaptative reuse as hospitality assets. 3-story building with 20 units fully renovated, gross area of 20,367 sq ft in 0.4311 +/- acre lot size. Opportunity to convert building into Boutique Hotel with a high end Restaurant on ground floor. Several similar concept have done exceptionally well, while becoming highly sought after destinations in the Miami and Miami Beach Markets.QOZ: Property located in a rare crossing where an Opportunity Zone lies in a premium and highly sought after neighborhood which continues to grow, Edgewater. 100% occupied, over 400K rent income per year. The layout includes studios, 1/1 and 2/1 apartments.
HIGHLIGHTS
- Lot Features: Central Business District, Corner Lot
- Building Features: Airport Access
- Number Of Buildings: 1
- Flooring: Wood
- Parking Features: Assigned
- Security Features: Security Fence
- Buyer Agency Compensation: 3%
- Ownership: Corporation
Address
Overview
- Property ID 7984
- Price $8,500,000
- Property Type Multifamily
- Property status For sale
- Year Built 1938
- Size 20,367 SqFt
- Units 20
- Floors 3