Sorrento Villas Hotel, Miami Beach, FL
Description
We are Pleased to present the 21-room Sorrento Villas Hotel, located in Miami Beach, Fl, two blocks west of N. Beach and a few blocks away from the future re-development of North Beach Town Center.
The Sorrento Villas is currently operating below competitive set ADR and Occupancy.
The Hotel will be offered unencumbered by management, allowing a new operator to employ more aggressive sales, marketing, and revenue management techniques.
Location of zoning change is between Indian Creek Dr, Dickens Ave., 72nd St., Collins Ave., and 69th St.
• Developer plans to build two 220-ft-tall buildings at 71st St. and Abbot Ave. that will be geared toward recent college graduates.
• The zoning also allows to build small hotel rooms and apartment units in order to encourage market-rate affordable units.
HIGHLIGHTS
- Number Of Buildings: 1
- Flooring: Ceramic Floor
- Construction Materials: CBS Construction
- Parking Features: Common
- Security Features: Smoke Alarm, Fire Sprinkler System
- Buyer Agency Compensation: 2.5%
- Ownership: Corporation
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Address
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Address 7510 Harding Ave, Miami Beach, FL
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Country United States
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Province/State Florida
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City/Town Miami
Overview
- Property ID 2797
- Price $8,000,000
- Property Type Hotel
- Property status For sale, SOLD \ Out of Market
- Rooms 21
- Year Built 1952
- Size 10,299 SqFt
- Number of parkings 4
- Keys 3
- Floors 2
Features
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