1255 WEST AV Miami Beach, FL 33139

$4,995,000
1255 WEST AV, Miami Beach, FL 33139
A10497673

Commercial Property for sale in Miami Beach, FL

for $4,995,000. This building was built in 2020 on a lot size of 17250.

Property Information

  • $4,995,000
  • Commercial
  • Hotel/Motel
  • Active
  • Lot size of 17250
  • Built in 2020
  • Miami Beach, FL
  • West Avenue Neighborhood
  • Miami-Dade County
  • MLS/Web ID is A10497673
  • Just Listed
  • New Construction

 Virtual Tour

Description

LIST PRICE BUYS 50% INTEREST OR SELLER WOULD SELL 100% FOR DOUBLE THE PRICE. 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 & ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR.

Exterior 2

Lot Description

  • Outbuilding(s)

Parking

  • 1-20 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 $4,995,000 with a lot size of 17250. 1255 WEST AV was built in 2020. The property's zip code is 33139 which is in Miami Beach, FL

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Market Pricing

Average % of sale price Median % of sale price
All listings in Miami Beach $1,760,746 65 % below $599,000 88 % below
Commerical listings in Miami Beach $3,967,567 21 % below $2,500,000 50 % 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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