1335 Drexel Ave Miami Beach, FL $ 4,950,000
1335 Drexel Ave
$ 4,950,000
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1335 Drexel Ave

Miami Beach, FL, 33139
$ 4,950,000
Bedrooms8 Baths-- Sq 5,360

Monthly Estimate*

$ 30,478

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Commercial Property for sale in Miami Beach, FL

for $4,950,000 with 8 bedrooms. This 5,360 square foot building was built in 1939.

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

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Commercial Active

Price

$ 4,950,000

Bedrooms

8

Property Type

Commercial

Taxes

$ 28,411

Style

Year Built

1939

Town/City

Miami Beach

County/Region

Miami-Dade

MLS | Web ID

A11933913

Features
General
Cooling Wall/Window Unit(s)
Possession Close Of Escrow
Roof Concrete
Security Features Fenced
Construction Materials Block
Year Built 1939
Stories Count 2
Levels Two
Property Subtype Hotel/Motel
Tax Year 2024
County Miami-Dade
Property Type Commercial Sale
Full Baths 0
Status Active
City Miami Beach
Zoning Description 6400
Number Of Units Total 8
MLS Area 32
Lot Size Units Square Feet
Lot Size Square Feet 5000
Listing Terms Cash Owner May Carry
Year Built Details Resale
Tax Annual Amount 28411
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11933913
Structure Type Hotel/Motel
Standard Status Active
Occupancy Type Call Agent
Legal Description H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
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Interior
Flooring Carpet Hardwood Wood
Air Conditioning Y/N true
Total Bedrooms 8
Total Baths 0
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Exterior
Water Source Public
Lot Size Area 5000
Number of Buildings 1
Building Area Total 5360
Waterfront Y/N false
Covered Spaces 0
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* Excluded Features
List By
Douglas Elliman

Broker

marion.ott@elliman.com

Email

Affordability Calculator

$32,846
Per Month
93%
7%
0%
Monthly Principal & Interest
$30,478
Monthly Property Taxes
$2,368
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.25% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4827338 Elementary School
4827337 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/14/2026$4,950,000 Listed Price

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1335 Drexel Ave, Miami Beach, FL, 33139 is a Commercial Property for sale at $4,950,000 with 5,360 sqft. 1335 Drexel Ave has 8 bedroomsThe property's zip code is 33139 which is in Miami Beach, FL