8118 Harding Ave Miami Beach, FL 33141

$5,790,000
8118 Harding Ave, Miami Beach, FL 33141
A10375004

Commercial Property for sale in Miami Beach, FL

for $5,790,000. This building was built in 1946 on a lot size of 13,750.

Property Information

  • $5,790,000
  • Commercial
  • Taxes are $32,070
  • Hotel/Motel
  • Active
  • Lot size of 13,750
  • Built in 1946
  • Miami Beach, FL
  • North Shore Neighborhood
  • Miami-Dade County
  • MLS/Web ID is A10375004

 Virtual Tour

Description

OWNER MOTIVATED! Rare opportunity to buy a boutique Hotel in Miami Beach just one block away from the ocean!22 totally reconstruction (can be 23 units) + Big Lobby for Breakfast + Patio for Events, all new units with European Modern Design , sale included Brand New Furniture, 9 (nine) parking spaces on site. Hotel has been completely updated Property is currently rented for 5 years to Hotelier Group with a triple net lease with cap on prop taxes annual income of $370, 000 on first year with annual increases up to $392, 000 NET CAP 6.5 to 7% BOUTIQUE BUILDING 22 UNITS 11 (1 BED AND 1 BATH) WITH KITCHEN & 11 HOTEL STUDIOS WITH FRIGOBAR COFFE MAKER AND MICROWAVE VERY BIG LOBBY FOR BREAKFAST AND EVENTS

Interior 3

Appliances

  • Security System / Alarm
  • Smoke Detector

Flooring

  • Marble Floors

Interior

  • Smoke Alarm
  • Sprinkler

Exterior 8

Construction

  • Concrete Block

Exterior

  • Security Gate
  • Security Lighting

Fence

  • Fenced

Lot Description

  • Outbuilding(s)

Parking

  • 1-20 Parking Spaces
  • Assigned Parking

Road Frontage

  • City Street

Roof

  • Varies

Waterfront Description

  • Beach Access

Miscellaneous 4

Commercial

  • Loading Dock(s)
  • Sale Includes Building & Land
  • Sale Includes Business
  • Sale Includes Equipment Only
  • Sale Includes Fixture/Equip
  • Sale Includes Inventory
  • Sale Includes Leases

Location

  • Office Park

Maintenance Fee Includes

  • Other

Storm Protection

  • Complete Impact Glass
  • High Impact Door

Rental 1

Lease Terms

  • 5+ years

† Excluded Feature

Listed By

Listing Agent: Carina Moffatt
Broker: Miami Beach - WEICHERT, REALTORS® - Best Beach Real Estate

8118 Harding Ave , Miami Beach, FL, 33141 is a Commercial Property for sale at $5,790,000 with a lot size of 13,750. 8118 Harding Ave was built in 1946. The property's zip code is 33141 which is in Miami Beach, FL

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Pricing History

Date Price Price Change Description
5/23/2018 $5,790,000 -2.85 % Price Change
5/23/2018 $5,960,000 Price Change
2/17/2018 $5,960,000 2.76 % Price Change
2/16/2018 $5,800,000 Price Change
2/16/2018 $5,800,000 -2.68 % Price Change
2/16/2018 $5,960,000 2.76 % Price Change
1/9/2018 $5,800,000 -2.68 % Price Change
1/9/2018 $5,960,000 Price Change
11/17/2017 $5,960,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Miami Beach $1,773,451 69 % below $600,000 90 % below
Commerical listings in Miami Beach $4,013,621 31 % below $2,597,500 55 % 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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Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363