A fully renovated, two-story hostel with 26 rooms and just a block from the ocean – that’s a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for

321 COLLINS AVE, Miami Beach

$8,350,000 USD
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Address321 COLLINS AVE, Miami Beach
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Price$8,350,000
Property StatusActive
MLS NumberA11792314
Property Size6500
Lot Size6500
Year Built1937
Folio Number02-42-03-003-0530
Days on Market137

Detailed Description: A fully renovated, two-story hostel with 26 rooms and just a block from the ocean – that’s a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for a liquor license in the lobby really open up possibilities for increased revenue. Being surrounded by ultra-luxury condos and steps from those iconic restaurants definitely underscores the value of this location. This seems like a unique opportunity to tap into the South Beach hospitality market with significant growth potential.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address321 COLLINS AVE
Section3
Zip Code (4 Digits)6902
Financial Information
Price$8,350,000
Price per Foot$0
Folio Number02-42-03-003-0530
Tax Amount$83,246
Full Descriptions
Detailed DescriptionA fully renovated, two-story hostel with 26 rooms and just a block from the ocean – that’s a rare find in such a prime location. The completed 40-year recertification is a significant plus, and the feasibility study for a third floor and the potential for a liquor license in the lobby really open up possibilities for increased revenue. Being surrounded by ultra-luxury condos and steps from those iconic restaurants definitely underscores the value of this location. This seems like a unique opportunity to tap into the South Beach hospitality market with significant growth potential.
Property parameters
Living Area6500
Lot Size6500
Total Acreage0.000
Maximum Leasable Size6500
Year Built1937
Type of PropertyHotel / Motel
Type of BusinessHotel / Motel
Stories Number2
Listed withAPEX Capital Realty LLC