Mixed-Use Property – 24 Units in Miami Beach, FL – Fully Occupied with Hotel and Apartment License
Commercial Sale
Category: Mixed-Use
Price:$5,500,000
Location: Miami Beach, FL
Year Built: 1947
Days on Market: 24
Description:
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.
Location, Location, Location.Great opportunity to own this two story building, fully occupied, licensed apartment/hotel for long or short term rental.
Listing Code: 1103342826