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1255 WEST AV, Miami Beach, Florida

$4,995,000Active

1255 WEST AV, Miami Beach, Florida 33139
- MLS® ID: A1861651

Property Details

1255 WEST AV, Miami Beach, Florida 33139 - LIST PRICE BUYS 50% INTEREST OR SELLER WOULD SELL 100% FOR DOUBLE THE PRICE. BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 5 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE.SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS 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 WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR.

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Amenities

  • Zip33139
  • CountyMiami-Dade
  • SQFT34500
  • StatusActive
  • Purchase TypeActive
  • Property typeBusiness Opportunity
  • Zoning type40/MUL M
  • Year built2019
  • ParkingAssigned Parking
  • Tax amount$0.00
  • Tax year2017
  • MLS® IDA1861651

Listing Courtesy of The Muskat Group, Inc.

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