1255 WEST AV Miami Beach, FL 33139

$9,990,000
1255 WEST AV, Miami Beach, FL 33139
Call 1-800-839-1363
A2044627

Lots and Land for sale in Miami Beach, FL

for $9,990,000. This 17,250 square foot property was built in 2016 on a lot size of 0.33 Acre(s).

Property Information

  • $9,990,000
  • Lots and Land
  • 17,250 Square Feet
  • Commercial Land
  • Active
  • Lot size of 0.33 Acre(s)
  • Built in 2016
  • Miami Beach, FL
  • West Avenue Neighborhood
  • Miami-Dade County
  • MLS/Web ID is A2044627

 Virtual Tour

Description

LAND OF 17, 250 SQ. FT. 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, VARIANC

Interior 1

Water Source

  • Municipal

Exterior 2

Road Frontage

  • City Street

Waterfront Description

  • None

Miscellaneous 2

Location

  • Corner Lot

Other

  • Short Sale - No

† Excluded Feature

Listed By

Broker: THE MUSKAT GROUP, INC.

1255 WEST AV, Miami Beach, FL, 33139 is a Lots and Land for sale at $9,990,000 with 17,250 sqft and a lot size of 0.33 Acre(s). 1255 WEST AV 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 $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 $1,797,806 82 % below $600,000 94 % below
Lots and land listings in Miami Beach $4,763,665 52 % below $3,425,000 66 % 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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