BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 5 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT/LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS AND ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.
|DAYS ON MARKET||194||LAST UPDATED||12/1/2017|
|YEAR BUILT||2019||COUNTY||Miami-Dade County|
|STATUS||Active||PROPERTY TYPE(S)||Business Opportunity|
|Prior to May 29, '17||$12,000,000|
|May 29, '17 - Today||$9,990,000|
|BOARD IDENTIFIER||A-Miami Association of REALTORS|
|ELECTRIC SERVICE||Other Electric|
|LISTING TYPE||Exclusive Agency|
|LOCATIONOF PROPERTY||Corner Lot|
|PARKING DESCRIPTION||Assigned Parking|
|PROPERTY TYPE||Business Opportunity|
|SOURCEOF EXPENSES||Other Source Of Expenses|
|STYLEOF BUSINESS||Bar/Lounge Only, Business, Restaurant|
|TYPEOF BUILDING||Hotel/Motel, Lounge, Restaurant|
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Listed with The Muskat Group, Inc.
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