538 Meridian Ave, Miami Beach FL 33139,Miami Beach,Miami-Dade County,Commercial Sale
Overview
- Hotel/Motel
- 2019
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
Open on Google Maps- Address Meridian Ave
- City Miami Beach
- State/county Miami-Dade County
- Zip/Postal Code 33139
Details
Updated on June 5, 2025 at 11:46 pm- Property ID: A11816587
- Price: $12,500,000
- Year Built: 2019
- Property Type: Hotel/Motel
- Property Status: Commercial Sale
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