$3,550,000
$3,650,000
2.7%For more information regarding the value of a property, please contact us for a free consultation.
5,600 SqFt
SOLD DATE : 09/02/2022
Key Details
Sold Price $3,550,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
Square Footage 5,600 sqft
Price per Sqft $633
MLS Listing ID A11252105
Year Built 1939
Annual Tax Amount $22,857
Lot Size 6,150 Sqft
Property Sub-Type Hotel/Motel
Property Description
MIAMI BEACH – M Boutique Hotel – Renovated 12-unit apart-hotel in North Beach, offering 11 suites in the main building and a 1BED/1BATH villa in the rear – all with fully equipped kitchens. The property includes a welcome lobby, office, storage room, laundry room, and garden sitting area. Sale includes the real estate and a successful hotel business with very good guest reviews and repeat clientele from all over the world. Renovated in 2011/2012 with impact windows and doors, new split A/C, plumbing and electrical systems, the building is recertified until 2029. Town center zoning allows for additional 15,000+ SF of development in a booming neighborhood with new mixed-use projects planned, two blocks from the beach.
Location
State FL
County Miami-dade County
Area 32
Exterior
Exterior Feature Security/High Impact Doors
Roof Type Concrete,Tile
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
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Bought with Interealty Exchange Inc
