REAL ESTATE SALES AND INVESTMENTS
Heitter Schilling
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REAL ESTATE SALES AND INVESTMENTS
Residential, Commercial and International

65-75 Washington Ave, Miami Beach, FL 33139 (MLS # A10475827)

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PRICE $12,500,000
SIZE n/a
LOT SIZE n/a

The units are individually owned under a Condominium form of ownership. Upon the closing of the purchase, the new owners would collapse the condominium and operate it either as a hotel or as a short term rental asset. Short term rentals are allowed under the current zoning. They are currently prohibited by the Condo Bylaws. The zoning allows for many uses, retail, hospitality, apartments, and hotel are the uses allowed “as of right” per the current zoning. The property was built in 1960 and is considered historical as It is a Mid-Modern architecture. The zoning allows for up to 5 stories but the façade of the building would have to be restored as is. This is a redevelopment play to either operate the existing 26 units as an ab&B or to convert to 50 high end hotel suites

DAYS ON MARKET 478 LAST UPDATED 8/7/2019
YEAR BUILT 1960 COUNTY Miami-Dade County
STATUS Active PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to Oct 25, '18 $11,900,000
Oct 25, '18 - Today $12,500,000


ADDITIONAL DETAILS
ACREAGE DESCRIPTION 1/4+ To 1/2 Acre
BOARD IDENTIFIER A-Miami Association of REALTORS
COLUMN DESCRIPTION Unknown
DOOR HEIGHT Door Ht 0-8'
ELECTRIC SERVICE Other Electric
ENVIRONMENTAL AUDIT Unknown
FOR SALE YN 1
LISTING TYPE Exclusive Right to Sell/Rent
PARKING DESCRIPTION Free Parking
PROP TYPE TYPEOF BUILDING Condominium, Hotel/Motel
PROPERTY TYPE Commercial/Industrial
SHOWING INSTRUCTIONS Call Listing Agent, Call Listing Office
STATUS Active
STYLEOF PROPERTY Hotel Non-Waterfront
TERMS CONSIDERED All Cash, Conventional/Refinance
TYPEOF PROPERTY Commercial
WATERFRONT PROPERTY YN 0
YEAR BUILT DESCRIPTION Resale


93 Walker's Paradise



 
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Listed with Real Miami Commercial R.E.
The data relating to real estate for sale on this web site comes in part from the Miami Association of Realtors Regional MLS and is provided here for consumers personal, non-commercial use, It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other than the office owning this web site are marked. Data provided is deemed reliable but not guaranteed.