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.
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Hotel – Miami Beach, Florida, USA
$6,500,000
$8,207 /m²
- Total area792 m²
- Built in1958
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