Mixed-Use Property – 10,083 Sq. Ft. in Miami Beach, FL – Licensed for Nightly Rentals
Commercial Sale
Category: Mixed-Use
Price:$11,900,000
Location: Miami Beach, FL
Year Built: 1936
Days on Market: 90
Description:
This offer is for 34 out of 42 studio-apartments and 4 commercial/retail spaces on the street-level (currently generating $216K NET/Year). The acquisition of the remaining 8 studio-apartments can be negotiated directly with those individual owners to own 100% of the building (Royal South Beach Hotel). All studios are turn-key, fully furnished and equipped. HOA fee includes utilities, insurances, 24/7 Front Desk service. Building was renovated in the year 2000 including new plumbing, elevator, hallways, electrical, and A/C systems to common areas. Ideal opportunity for owner-operator, hotel operators, land developers or to enhance your short-term rental portfolio. No Rental Restrictions for this Building as it is located in the Hotel District. Please review all MLS Attachments.
Ideal opportunity for hotel operators, developers or to enhance a short-term rental portfolio. No rental restrictions. 34 units + commercial spaces.
Listing Code: 1118657689