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

1255 West Av, Miami Beach, FL 33139 (MLS # A2044621)

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PRICE $9,990,000
SIZE n/a
LOT SIZE 34,500 sqft

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 124 LAST UPDATED 8/11/2017
YEAR BUILT 2019 COUNTY Miami-Dade County
STATUS Active PROPERTY TYPE(S) Commercial

PRICE HISTORY
Prior to May 29, '17 $12,000,000
May 29, '17 - Today $9,990,000


ADDITIONAL DETAILS
BOARD IDENTIFIER A-Miami Association of REALTORS
ELECTRIC SERVICE Other Electric
ENVIRONMENTAL AUDIT None
INFORMATION AVAILABLE Other Available Information
LISTING TYPE Exclusive Agency
MUNICIPAL CODE 2
PARKING DESCRIPTION Assigned Parking
PROP TYPE TYPEOF BUILDING Hotel/Motel, Restaurant/Bar
PROPERTY TYPE Commercial/Industrial
SECTION 33
SHOWING INSTRUCTIONS Call Listing Agent
STATUS Active
STYLEOF PROPERTY Hotel Non-Waterfront
TYPEOF PROPERTY Hotel
WATERFRONT PROPERTY YN 0
YEAR BUILT DESCRIPTION New Construction

ZESTIMATE
$1,643,636  1255 West Av, Miami Beach, FL

RENT ZESTIMATE
$3700 / mo.  1255 West Av, Miami Beach, FL

92 Walker's Paradise

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Listed with The Muskat Group, Inc.
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.

By Heitter Schilling