$4,495,000

Business Opportunity For Sale

1255 WEST AV Miami Beach FL 33139

Courtesy of: The Muskat Group, Inc.

PROPERTY DETAILS

Property Type: Business Opportunity
Year Built: 2020

DESCRIPTION

LIST PRICE BUYS 50% INTEREST OR SELLER WOULD SELL 100% FOR DOUBLE THE PRICE. BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 7 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 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 & ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR.

PROPERTY FEATURES
MLS #: A10497677
For Sale
5 Days on market
Neighborhood: Flamingo-lummus
Year Built: 2020
Status: Active
Building Name: Bikini Hostel, Cafe & Beer Gar
Virtual Tour Link: View Tour

MAP
1255 WEST AV Miami Beach, FL 33139
1255 WEST AV Miami Beach FL 33139

Courtesy of: The Muskat Group, Inc.

MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved.

Updated: 23rd March, 2019 1:56 AM.

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