South Florida Real Estate

538 Meridian Ave

Miami Beach , FL 33139

MLS#: A11816587

$12,500,000

Status: Active
Listing number: A11816587
Listing provided by: Pulse Int'l Realty FL Inc
Listing agent phone: None
Last update: a month ago
On site: 4 months ago
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Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

2019

Sq.Footage

N/A

12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

Exterior

  • Garage

    No

  • Construction Materials

    Block

  • Parking

    Covered, Garage, Guest

  • Pool

    No

Area & Lot

  • Property Type

    Commercial Sale

  • Property Sub Type

    Hotel/Motel

Price

  • Sales Price

    $12,500,000

  • Tax Amount

    79555.0

  • Zoning

    6503

  • Sq. Footage

    N/A

  • Price/SqFt

    N/A

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

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Location

County

Miami-Dade

Elementary School

Middle School

High School

Listing Courtesy of Armando Senra , Pulse Int'l Realty FL Inc

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Agent JarrodGaylis

Realtor

JarrodGaylis

Call Jarrod today to schedule a private showing.

(817) 682-7464

jgaylis@perfectpropertiesfl.com


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12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int'l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller's master lease income with tenant, not hospitality's income).

538 Meridian Ave

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