Discover an exceptional investment opportunity in the vibrant heart of Miami Beach's Art Deco District, just steps from the pristine shoreline. This rare property features 24 units, including 2-bedroom, 1-bedroom, and efficiency apartments, all under a unique mixed hotel and apartment license. With 12 hotel rooms and 12 rooms month to month lease, the property is fully occupied, easy to manage, offering a steady stream of income.
Situated in a prime commercial district, the zoning allows for hotel, retail, and development projects. The City of Miami Beach is currently undergoing a significant redevelopment initiative, enhancing the area with new pathways, landscaping, retails, bike lanes, water features, and more. The motivated seller invites offers for this unparalleled opportunity.
9,154 Sq Ft
7,500 Sq Ft Exterior Space
Commercial
$64,266 Annual Tax
Built in 1947
MLS/Listing ID A11732245
2 Stories
Lot - Corner Lot
Lot - Corner Unit
Listing Courtesy of THE CORCORAN GROUP, ROBERTO PECCHI - 786-564-2318
Source of Data: MIAMI ASSOCIATION OF REALTORS