Commercial Sale
Price:$8,350,000
Location: Miami Beach, FL
Year Built: 1937
Days on Market: 45
Description:
A fully renovated, two-story hostel with 26 rooms and the potential for over 200 beds, just a block from the ocean – that's a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for a liquor license in the lobby really open up possibilities for increased revenue. Being surrounded by ultra-luxury condos and steps from those iconic restaurants definitely underscores the value of this location. This seems like a unique opportunity to tap into the South Beach hospitality market with significant growth potential.
Value Add Boutique Hotel and Food & Beverage Outpost
Listing Code: 1112276076