For Sale
$12,500,000

538 Meridian AveMiami Beach, FL 33139

Luxury Hotel, Prime Location, High ROI

Overview

Added:
Dec 11, 2024
Days on market:
113
Exceptional investment opportunity: a 12-unit boutique hotel in Miami Beach's vibrant South Beach. This 18,301 square foot, 2019-built property boasts 24 beds and 16 bathrooms, offering a blend of luxury and convenience. Each unit features a full kitchen (refrigerator, dishwasher, oven/stovetop, microwave) and is fully furnished with modern amenities, including flat-screen TVs, Wi-Fi, and tasteful décor. The hotel provides guests with concierge services, laundry facilities, and a parking garage. Its prime location places it within walking distance of the Collins Avenue Shopping District and Ocean Drive, blocks from Lincoln Road Mall and the Miami Beach Convention Center. Conveniently situated 5 miles northeast of Downtown Miami and 10 miles east of Miami International Airport. Currently leased to a hospitality group, this smoke-free building presents a strong, established income stream and significant potential for future growth. The asking price is $12,500,000. This is a rare opportunity to acquire a thriving, high-demand hotel in one of Miami Beach's most desirable locations.

Highlights

  • $12,500,000 asking price.
  • 2019-built, 18,301 SF boutique hotel in Miami Beach, FL.
  • 12-unit hotel with 24 beds, currently leased to a hospitality group.
  • Located in South Beach, near Collins Avenue, Lincoln Road Mall, and Miami Beach Convention Center.
  • Amenities include parking garage, concierge, laundry facilities, and fully furnished units with modern appliances and flat-screen TVs.

Property Details for 538 Meridian Ave

Property type
Retail properties, Hospitality properties
Year Built
2019
Buildings
1

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7753881
Longitude
-80.1364011
538 Meridian Ave, Miami Beach, Florida

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538 Meridian Ave
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