1255 WEST AV Miami Beach, FL 33139

$9,990,000
1255 WEST AV, Miami Beach, FL 33139
Call 1-800-839-1363
A2044621

Commercial Property for sale in Miami Beach, FL

for $9,990,000. This 17,250 square foot building was built in 2019 on a lot size of 17250.

Property Information

  • $9,990,000
  • Commercial
  • 17,250 Square Feet
  • Hotel/Motel
  • Active
  • Lot size of 17250
  • Built in 2019
  • Miami Beach, FL
  • West Avenue Neighborhood
  • Miami-Dade County
  • MLS/Web ID is A2044621
  • New Construction

 Virtual Tour

Description

BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 5 YEARS, WITHIN 11, 200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE.SITS ON 17, 250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS 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 AND ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.

Exterior 2

Lot Description

  • Outbuilding(s)

Parking

  • 41-60 Parking Spaces
  • Assigned Parking

Miscellaneous 1

Documents

  • Other

† Excluded Feature

Listed By

Broker: THE MUSKAT GROUP, INC.

1255 WEST AV , Miami Beach, FL, 33139 is a Commercial Property for sale at $9,990,000 with 17,250 sqft and a lot size of 17250. 1255 WEST AV has 0.0 baths and was built in 2019. 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 $9,990,000 -16.75 % Price Change
5/29/2017 $12,000,000 Price Change
12/11/2014 $12,000,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Miami Beach $1,778,522 82 % below $599,000 94 % below
Commerical listings in Miami Beach $3,959,804 60 % below $3,000,000 70 % 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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