Pulse Int'l Realty FL Inc
Listed by Pulse Int'l Realty FL Inc
$12,500,000
538 Meridian Ave
Details
Property Type Hospitality, Retail
Sub Type Hotel, Storefront
Square Footage 18,301
Year Built 2019
Buildings 1
Hospitality
Marketing 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).
Listing Contacts
Pulse Int'l Realty FL Inc
Listed by Pulse Int'l Realty FL Inc
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Zoning
CPS-2 CommercialGeneral CommercialCommercial General Mixed Use
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