321 Collins Ave new Save Request In-Person Tour Request Virtual Tour
Miami Beach,FL 33139
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 8,766 sqft
Price per Sqft $952
MLS Listing ID A11792314
Year Built 1937
Annual Tax Amount $83,246
Lot Size 6,500 Sqft
Property Sub-Type Hotel/Motel
Property Description
A fully renovated, two-story hostel with 26 rooms and just a block from the ocean – that's a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for a liquor license in the lobby really open up possibilities for increased revenue. Being surrounded by ultra-luxury condos and steps from those iconic restaurants definitely underscores the value of this location. This seems like a unique opportunity to tap into the South Beach hospitality market with significant growth potential.
Location
State FL
County Miami-dade
Area 30
Building
Story 2
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11792314