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Plot For Sale In Miami Beach, Florida

Detailed Information

  • Type: Private

  • Price: $12,000,000

  • Location: 1255 West Ave, Miami Beach, FL

  • Size: 205 square feet

  • Condition: Used

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 and 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 and 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, and 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 and CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.

For more details: /land-lots_south-beach-d201953/for-sale_i46808668

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