1255 WEST AV

Miami Beach, FL, 33139

$12,000,000

$7,343 per ft²
$12,000,000
$7,343 per ft²
Active
Active
 - For Sale
carpenters-square
1,634 ft²
property_type
Land
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 & 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 & 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, & 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 BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.
MLS® ID:
A10760403
Listed:
10/20/19
Updated:
7/6/22

Exterior/Building Features

Lot Size
0.4 acres lot
Architectural Style
Residential
Lot Details
City Location, 1/4 To Less Than 1/2 Acre Lot, Other

Other Property Details

Area Name
Miami Beach
Taxes
$65000
Tax Frequency
per YEAR
Garage
No
Parking
N
View
Y
County
Miami-Dade County
Utilities
Other Utilities Available, Other
Water Source
Municipal Water
Pool
No
Zoning
40/MUL M

Property History

Date
Event
Price
Value
5/10/22
Price Change
$12,000,000
133%

Courtesy of The Muskat Group, Inc.

Based on information from Miami Association of REALTORS®. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS.  All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. 

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Data last updated 9:35 PM UTC, 7/6/22.

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