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Hotel – Miami Beach, Florida, USA

$6,500,000
$8,207 /m²
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  • Total area
    792 m²
  • Built in 
    1958

The property is located in the heart of South Beach, along Collins Avenue, one of the most prominent hotel and retail corridor nationwide. The property currently operates as a licensed hotel building with 22 units all including full kitchens and averaging 370 square feet. The hotel license is transferable. Out of the 22 units, 12 units are currently master-leased to a short-term rental operator, Nuovo Properties LLC. The lease expires in May 2022 and features $ 21,000 per month in rent. The remaining 10 units are owner-managed and operated as short-term rentals listed on Airbnb.

  • Property on the map
    Location right down to the building, street or city
  • Other properties
    Other offers nearby

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