$12,500,000
( $683.02Per Sq Foot )
 $67,103 est/mo Sourced by Back At You

538 Meridian Ave , Miami Beach, FL 33139

Miami Beach, FL 33139

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Description

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).

Details

MLS#A11668761
Listing TypeFor Sale
StyleHospitality
Sub-TypeResale
StatusActive
Year2019
Days On Site130
Listing Provided ByPulse Int'l Realty FL Inc | Armando Senra

Features

SQ Feet18,301
Building(s)1
Zoning6503
Acreage7000.00
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Miami Board of Realtors®

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Learn More About This Property

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33139
Area42
Listing VS Median (in 33139)
Price:
$12,500,000
low | high
Med:
$250,000
100% of Average
SqFt:
18,301
low | high
Med:
590
100% of Average
$ / SqFt:
$683
low | high
Med:
$424
87.962711864407% of Average
On Site:
130
low | high
Med:
22.000000
100% of Average
Sourced by Back At You
Listing Updated: February 4, 2025 at 1:11:37 PM PST
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