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Gelfand Realty Miami Properties for Sale - Business Opportunity for Sale

1255 WEST AVE, MIAMI BEACH, FL 33139

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Business Opportunity - Bikini Hostel, Cafe & Beer Gar for Sale

1255 WEST AVE, MIAMI BEACH, FL 33139

Asking Price$12,000,000 Change Price$3,010,000

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  • Living 1634sqft
  • Year Built 2020

  • Days on market:

    1628 day(s)

  • Adjusted Area:

    1506 sqft

  • Original Price:

    $9,990,000

  • Price per sqft:

    $7343.94

  • Tax Year:

    2018

  • Property Type:

    Business Opportunity

  • Parking:

    Assigned

  • Inclusions:

    Other Sale Includes

  • Lot Features:

    Corner Lot

Description

$12,000,000 • living size area 1634 sqft

Bikini hostel, cafe & beer garden hotel profitably operating for over 8 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 or condo-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 and rooftop pool, cabanas or if 5 rooms less, an indoor night club/bar. seller will consider for half the list price a 50% joint venture.

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