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MLS® ID: A10760403

1255 WEST AV

Miami Beach, Florida, 33139

$8,990,000 Active
  • - SQFT
LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL OR CONDO. CURRENTLY OPERATING FOR OVER 8 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY 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 & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.
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Listing courtesy of The Muskat Group, Inc.

Amenities

  • Full baths
    0
  • Zip
    33139
  • Office name
    The Muskat Group, Inc.
  • Bedrooms
    0
  • Property type
    Land
  • Year built
    0
  • Lot size
    17250.0
  • Tax year
    2018
  • Agent name
    Phillip Muskat
  • Tax amount
    $ 65000.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Agent ID
    0455894

Location

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