1255 WEST AV Miami Beach, FL 33139

$4,995,000
1255 WEST AV, Miami Beach, FL 33139
Call 1-800-839-1363
A2038586

Lots and Land for sale in Miami Beach, FL

for $4,995,000. This 17,250 square foot property was built in 2016 on a lot size of 150 X 115.

Property Information

  • $4,995,000
  • Lots and Land
  • 17,250 Square Feet
  • Hotel/Motel
  • Active
  • Lot size of 150 X 115
  • Built in 2016
  • Miami Beach, FL
  • West Avenue Neighborhood
  • Miami-Dade County
  • MLS/Web ID is A2038586

 Virtual Tour

Description

50% INTEREST OF 17, 250 SQ. FT. LAND IS BEING SOLD TO BUILD A NEW HOTEL. CURRENTLY OPERATING FOR OVER 5 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11, 200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34, 500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT / LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB / BAR.

Interior 1

Water Source

  • Municipal

Exterior 1

Road Frontage

  • City Street

Miscellaneous 1

Location

  • Corner Lot

† Excluded Feature

Listed By

Broker: THE MUSKAT GROUP, INC.

1255 WEST AV , Miami Beach, FL, 33139 is a Lots and Land for sale at $4,995,000 with 17,250 sqft and a lot size of 150 X 115. 1255 WEST AV has 0.0 baths and was built in 2016. The property's zip code is 33139 which is in Miami Beach, FL

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Pricing History

Date Price Price Change Description
5/29/2017 $4,995,000 -16.75 % Price Change
5/29/2017 $6,000,000 Price Change
11/26/2014 $6,000,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Miami Beach $1,766,852 65 % below $599,000 88 % below
Lots and land listings in Miami Beach $5,250,355 5 % above $3,350,000 33 % below

Get the facts about Miami Beach, FL!

Population 89,945
Population Growth (since 2000) 2 %
Median Income $51,768
Median Age 42.16
Households w/ Children 16 %

Residential Dwellings

  • Owned 18980
  • Vacant 18318
  • Rented 29384

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