For Sale
$8,995,000

1400 West AveMiami Beach, FL 33139

10-Key Hotel, Prime Location, Redevelopment Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional South Beach investment opportunity presents two adjacent, renovated single-family homes totaling 6,018 square feet on an 11,000 square foot lot. Currently operating as a 10-key short-term rental hotel, the property boasts impact windows and doors and is offered fully furnished and turnkey. Built in 1938, the two-story buildings are situated in a prime location, just blocks from Lincoln Road's vibrant shops and restaurants, and Flamingo Park's recreational amenities. The RM-1 zoning allows for significant redevelopment potential, including the construction of two larger single-family homes while retaining the existing short-term rental licenses, or a new 5-story condo or multifamily residential development. This unique offering presents a compelling opportunity for both seasoned investors/operators and developers seeking a high-return investment in a highly desirable South Beach location. The property is located at 1400 West Ave, Miami Beach, FL 33139, in Miami-Dade County. The asking price is $8,995,000.

Highlights

  • Two renovated single-family homes with active short-term rental licenses.
  • Established 10-room short-term rental operation.
  • Potential for new single-family construction with STR licenses on each lot.
  • RM-1 zoning permits a 5-story multifamily development.
  • Excellent South Beach location near the Bay, Lincoln Road, and Flamingo Park.
  • Exceptional opportunity for investors, operators, or developers.

Property Details for 1400 West Ave

Property type
Hospitality properties, Hotels
Square Feet
6,018 SF
Year Built
1938
Buildings
2
Stories
2

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7853935
Longitude
-80.1425154
1400 West Ave, Miami Beach, Florida

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1400 West Ave
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