1255 WEST AV, Miami Beach FL 33139 – ID A10497662

$ 12.000.000
1255 WEST AV, Miami Beach FL 33139,
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Overview

  • Updated On:
  • July 8, 2023
  • 1,634 m2

Description

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

Address: 1255 WEST AV, Miami Beach FL 33139
State/County:
Zip: 33139
Country: United States
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Property Id : 79642
Price: $ 12.000.000
Property Size: 1,634 m2
Other Features
Electrical Utility Available
$ 61,526.37
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 46,526.37

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Brian Bartley

Realtor

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Call +1-786-860-9298 WhatsApp
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Brian Bartley