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 # A2044627)

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PRICE $9,990,000
SIZE n/a
LOT SIZE 17,250 sqft

LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL. CURRENTLY OPERATING FOR OVER 5 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY 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 & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB / BAR.

DAYS ON MARKET 124 LAST UPDATED 12/1/2017
YEAR BUILT 2016 COUNTY Miami-Dade County
STATUS Active PROPERTY TYPE(S) Commercial Land

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
COMPREHENSIVE PLAN USE Other Plan Use
ENVIRONMENTAL AUDIT None
LISTING TYPE Exclusive Agency
LOCATION Corner Lot
LOT DESCRIPTION Less Than 1 Acre
MUNICIPAL CODE 2
ON SITE UTILITIES Other Utilities Available
PROPERTY TYPE Commercial/Business/Agricultural/Industrial Land
ROAD DESCRIPTION City/County Maintained
SECTION 33
SEWER DESCRIPTION Public Sanitation
SHOWING INSTRUCTIONS Call Listing Agent
STATUS Active
STYLEOF PROPERTY Unimproved Hotel/Motel
TYPEOF PROPERTY Commercial
USAGE Unimproved Hotel/Motel
UTILITIES AVAILABLE Other Utilities Available
WATER DESCRIPTION Municipal Water
WATERFRONT PROPERTY YN 0

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

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

92 Walker's Paradise

SATELLITE VIEW



 
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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