USD 8,000,000

7510 Harding Ave
Miami Beach, Florida 33141

Beds
Baths 0

Property Description

We are Pleased to present the 21-room Sorrento Villas Hotel, located in Miami Beach, Fl, two blocks west of N. Beach and a few blocks away from the future re-development of North Beach Town Center. The Sorrento Villas is currently operating below competitive set ADR and Occupancy. The Hotel will be offered unencumbered by management, allowing a new operator to employ more aggressive sales, marketing, and revenue management techniques. Location of zoning change is between Indian Creek Dr, Dickens Ave., 72nd St., Collins Ave., and 69th St. • Developer plans to build two 220-ft-tall buildings at 71st St. and Abbot Ave. that will be geared toward recent college graduates. • The zoning also allows to build small hotel rooms and apartment units in order to encourage market-rate affordable units.

Listed by Beachfront Realty Inc

Property Details

ID #
A11161245
Status
Sale
Type
Commercial, Industrial, Hotel
Zip Code
33141
Year Built
1952
Parking Spaces
4
Building Feature
Smoke alarms
Roof Material
Tile roof
Construction
CBS Construction
Floor
Ceramic Floor
Occupancy
Tenant Occupied
Parking
Common Parking
Road Frontage
City Road
Road Type
Two Lane
Type of Building
Commercial/Residential Income, Hotel/Motel
Utilities
Internet
Zoning Information
3900
Listing content provided by the Miami Association of REALTORS
Disclaimer: BBC: 2.5%, The offer of compensation is made only to participants of the MLS where the listing is filed.

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