Homes for sale - 538 Meridian Ave, Miami Beach, FL 33139

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Milette Watkins

milette_watkins@dk-realestategroup.com +1(470) 535-3697

$ 12,500,000

Est. payment | -/mo

18,301 SqFt

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$ 12,500,000

Est. payment | -/mo

Save Virtual Tour

18,301 SqFt

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 18,301 sqft

Price per Sqft $683

MLS Listing ID A11816587

HOA Y/N No

Year Built 2019

Annual Tax Amount $79,555

Lot Size 7,000 Sqft

Property Sub-Type Hotel/Motel

Property Description

12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).

Location

State FL

County Miami-dade

Area 42

Interior

Flooring Carpet, Ceramic Tile

Exterior

Garage Yes

Private Pool Yes

Building

Structure Type Block

Others

Tax ID 02-42-03-009-4930

Security Features Fenced,Fire Sprinkler System,Security Gate,Smoke Detector(s)

Special Listing Condition Corporate Listing

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11816587

Listed by Pulse Int'l Realty FL Inc

GET MORE INFORMATION

Milette Watkins

Associate Broker

milette_watkins@dk-realestategroup.com

+1(470) 535-3697

1400 S International Pky #1020, Lake Mary, FL, 32746, USA

538 Meridian Ave Miami Beach, FL 33139

Milette Watkins

Key Details

Location

Interior

Exterior

Building

Others

538 Meridian Ave