Commercial Real Estate Property For Sale In Miami Beach

1255 WEST AV Miami Beach, FL 33139
 Directions

$12,000,000

  • 1,634 Square
    Footage
  • $7,344 Price per
    Square Foot
  • 2020 Year Built
  • Jul 10, 2018 Listing Date

MLS #

:

A10497662

Price

:

$12,000,000

Status

:

Active

Listing Date

:

Jul 10, 2018

Square Footage

:

1,634  Square Feet  (151.8 Square Meters)

County

:

Miami-Dade

Square Footage

:

1,634  Square Feet  (151.8 Square Meters)

Year Built

:

2020

Taxes

:

Not Available

Waterfront

:

No

Virtual Tour

:

click here to view virtual tour

 

Remarks

:

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

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