538 Meridian Ave, Miami Beach, Florida 33139
MLS#: A11816587
$12,500,000 USD
Listed By Pulse Int'l Realty FL Inc
The Hospitality Property for Sale located at Miami Beach, Florida 33139 is currently for sale. Miami Beach, Florida 33139 is listed for $12,500,000. If the property located at Miami Beach, Florida 33139 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Hospitality Properties for Sale in Miami Beach .
Date Updated : Jun 5, 2025
Property features
Construction details
- Year built: 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).
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.