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$12,000,000
1255 W Av, Miami Beach, FL 33139
0 Beds
0 Baths
1,634 SqFt

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BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 8 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 OR CONDO-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 IF 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE
  • Price:
  • $12,000,000
  • Square Footage:
  • 1,634
  • Acreage:
  • 0.04
  • Year Built:
  • 2020
  • Listing ID #:
  • A10497662
  • Street Address:
  • 1255 W Av
  • City:
  • Miami Beach
  • State:
  • Florida
  • Postal Code:
  • 33139
  • County:
  • Miami-Dade
  • Listing Status:
  • Active
  • Listing Type:
  • Commercial Sale
  • Building Condition:
  • New Construction
  • New Construction:
  • Yes
  • Total # Of Buildings:
  • 3
  • Total Building Square Footage:
  • 1634
  • Year Built:
  • 2020
  • Year Built Description:
  • New Construction
  • Business Type:
  • Hotel/Motel, Restaurant/Bar
  • Conforms To Zoning:
  • 40/Mul M
  • Existing Land Use:
  • Hotel Non-Waterfront
  • Lot Size Units:
  • Square Feet
  • Lot Square Footage:
  • 1634
  • Days On Market:
  • 1042
  • On Market Date:
  • 2019-03-17
  • Originating Mls:
  • Miami Association Of Realtors®
  • Previous Listing Price:
  • 8990000
  • Parking Description:
  • Assigned
  • Parking Spaces:
  • 9
  • Electricity:
  • Other Electric
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo

Source: CINC

  • Listing provided by The Muskat Group
  • MIAMIRE

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