USD 12,000,000
1255 WEST AV
Miami Beach, Florida 33139
Property Description
LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL OR CONDO. CURRENTLY OPERATING FOR OVER 8 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY 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 BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.
Listed by The Muskat Group, Inc.
Property Details
- ID #
- A10760403
- Status
- Sale
- Type
- Land, Residential
- Zip Code
- 33139
- Building Area
- 1,634ft2
- Lot Area
- 14,375ft2
- Water Source
- City/mains water
- Front Exposure
- West
- Location
- City Location
- Lot
- 1/4 To Less Than 1/2 Acre Lot
- Road Type
- City/County Maintained
- Type of Trees
- Other Trees
- Utilities
- Internet
- Water View
- Bay View
- Zoning Information
- 40/MUL M
