538 Meridian Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Land

$12,500,000

Commercial Land Active

538 Meridian Ave, Miami Beach FL 33139

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Commercial Land Active

538 Meridian Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Land

538 Meridian Ave, Miami Beach FL 33139

$12,500,000

Overview

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).

Address

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Address Meridian Ave
City Miami Beach
State/county Miami-Dade County
Zip/Postal Code 33139

Details

Updated on May 2, 2025 at 4:22 am

Property ID: A11794468
Price: $12,500,000
Property Status: Commercial Land

Additional details

PublicSurveyRange: 42
ShowingInstructions: Call Listing Agent
ListAgentKey: b96744dfc3a30b988769b0b559f5cdcf
TaxLegalDescription: 3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 74 LOT SIZE 50.000 X 140 OR 22680-3236 0904 4
OnMarketDate: 2025-03-25
ListAgentEmail: [email protected]
ContractStatusChangeDate: 2025-03-25
MajorChangeTimestamp: 2025-05-01T16:08:28.530Z
PhotosCount: 29
StatusChangeTimestamp: 2025-05-01T16:08:28.530Z
PriceChangeTimestamp: 2025-05-01T15:37:46.723Z
ListingKeyNumeric: 410862154
MajorChangeType: New
ListingContractDate: 2025-03-25
Zoning: 6503
ListAOR: A-Miami Association of REALTORS
TaxAnnualAmount: 79555
ListOfficeName: Pulse Int'l Realty FL Inc
CurrentUse: Other Usage,Unimproved Business/Commercial
OriginatingSystemKey: miamire
PhotosChangeTimestamp: 2025-05-01T16:13:42.045Z
RoadFrontageType: County Road
OriginatingSystemName: Miami Association of REALTORS®
ListOfficePhone: 855-785-7301
MlsStatus: Active
StreetNumber: 538
GrossScheduledIncome: 0
ListingKey: 691a4a72609e613246b73b3b4ddea362
StateOrProvince: FL
ShowingContactType: Agent
FrontageLength: 0
ListOfficeKey: 3d47687775965cc3152966f6b1db4c81
BridgeModificationTimestamp: 2025-05-02T02:01:02.131Z
ListAgentFullName: Armando Senra
ListAgentOfficePhone: 855-785-7301
ParcelNumber: 02-42-03-009-4930
ListingTerms: All Cash,Conventional
OtherExpense: 0
IDXParticipationYN: 1
InternetAddressDisplayYN: 1
ListAgentMlsId: 3119756
WaterSource: Municipal Water
LotSizeDimensions: 0x0
ModificationTimestamp: 2025-05-02T02:00:13.960Z
OriginatingSystemID: miamire
DaysOnMarket: 37
ListOfficeMlsId: PLSE01
Inclusions: WiFi Available
ListAgentDirectPhone: 786-564-5599
StreetNumberNumeric: 538
PostalCodePlus4: 6428
Sewer: Other
SyndicationRemarks: 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).
MIAMIRE_LPAmtSqFt: 1785.7143
ListAgentStateLicense: 3119756
PublicSurveyTownship: 42
StreetName: Meridian Ave
ListingAgreement: Exclusive Agency
PublicSurveySection: 0
Utilities: Cable Connected,Electricity Connected,Phone Connected,Water Connected,Cable Available,Electricity Available,Phone Available,Trash Removal,Water Available
OriginalListPrice: 12500000
BuildingAreaUnits: Square Feet
InternetEntireListingDisplayYN: 1
TaxYear: 2024
OriginalEntryTimestamp: 2025-05-01T16:08:28.530Z
SourceSystemKey: 410862154
LotFeatures: City Location,Less Than 1 Acre
PossibleUse: None
LotSizeSquareFeet: 7000