Hotel for sale in Miami Beach, USA

$27,120,000ActiveBedroomsBathroomsN/AHalf BathsSize Sq. Ft.126DOM8411 Biscayne Blvd - PORTFOLIO Miami, FL 33138Beds, Baths, Multi Family Sq.Ft.We are pleased to present this unique opportunity to acquire the largest land assemblage East of Biscayne Blvd. with T5 zoning. Properties also include cash flow from rental units, making this an attractive covered land play. 4.39 acre development site with 317 buildable units by right. 18 existing buildings (1 & 2 stories) totaling 95 residential units and 1 retail space, plus 2 vacant lot sites of +/-19,350 SF. Gross building of +/-54,630 SF on +/- 191,539 SF of land. Favorable T6-8-O, T5-R Zoning designation. 95 residential units in-place with rents from $600 to $1,950/mo. and NOI of +/-700K. Great covered land play. 3 minute drive to Miami Shores Country Club, 10 minute drive to Design District, 15 minute drive to Downtown, 16 minute drive to North Beach.

Listing SummaryAddress8411 Biscayne Blvd - PORTFOLIOCityMiamiCountyMiami-Dade CountyZip33138Price$27,120,000StatusActiveSubdivisionPets AllowedNoMLS® #A11470362Property TypeCommercial SaleProperty Sub TypeMulti FamilyStatusActiveSquare FeetYear Built1936WaterfrontNoMaintenance FeesNo Info ProvidedTaxes$20,256