Prime Condo-Hotel Units for Sale in Miami Beach, FL
Business Opportunity
Category: Hospitality
Price:$7,360,000
Location: Miami Beach, FL
Year Built: 1936
Days on Market: 78
Description:
Great Redevelopment Opportunity. Own future control of the Royal South Beach Condominium-Hotel. Located two blocks from Ocean Drive’s beach access. This offer is to acquire 32 out of 42-total units (combined 9,503 square feet). Advertised in 2 separate MLS listings: A11809242 (18 Units) and Business Opportunity A11811796 (14 Units). Licensed for “nightly or long term-rentals” through self-managed or optional hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). Units currently rented, fully furnished with equipped kitchenettes. THIS OFFER IS NOT FOR THE ENTIRE BUILDING, but additional units can be negotiated for full ownership. Building passed 40-Yr Recertification. Review MLS attachments and broker remarks for additional information.
Offering 32 out of 42 total units, Royal South Beach Condo-Hotel. Licensed for nightly-rental. Great income-portfolio or redevelopment opportunity.
Business Type: Other,Retail
Tax Legal Description: ROYAL SOUTH BEACH CONDO UNIT 117 UNDIV 466/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 COC 26462-3678 06 2008 5
Business Name: Royal South Beach
Year Established: 1900
Hours/Days of Operation: Open24Hours
Financial Data Source: Owner
Parking Features: OnStreet
Insurance Expense: $1,000
Documents Available: Aerial,HoaDocuments,Inventory
Listing Code: 1114691252