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538 Meridian Ave, Miami Beach, Florida 33139

Map

Active For Sale

$12,500,000

Beds 0
Baths 0
Sq Ft 0 Sqft
Visits: 14 in 89 days

Call Josh Dotoli

Description

12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int’l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller’s master lease income with tenant, not hospitality’s income).

Address Map

Country: US
State: FL
County: Miami-Dade
City: Miami Beach
Zipcode: 33139
Street: Meridian Ave
Street Number: 538
Floor Number: 0
Longitude: W81° 51' 49''
Latitude: N25° 46' 31.5''
MLS Area: 42

MLS Addon

Association Fee: $0
Close Price: $0
Insurance Expense: $0
Listing Terms: Cash, Conventional
Lot Features: <1 Acre
Lot Size Dimensions: 0x0
New Taxes Expense: $0
Road Frontage Type: County Road
Tax Annual Amount: $79,555
Tax Year: 2024
Utilities: Cable Available, Electricity Available, Trash Collection, Water Available, Phone Available

Location

Listing Updated: 2025-05-05 14:55:13

Property Type : Land
Listing Type : For Sale
Listing ID : A11794468
Price : $12,500,000
View : Garden, Other
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0 Sqft
Year Built : 0
Lot Area : 0 Acre
Listing Status : Active
Days On Market : 71

Contact Agent

Josh Dotoli

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