Caplan Realty Group

Caplan Realty Group
Buy and Sell In Miami

1255 West Av, Miami Beach, FL 33139 (MLS # A2044621)

Price $9,990,000
Status Active
Size n/a
Lot Size 34,500 sqft
Days on Market 124
BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 5 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT/LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS AND ROOFTOP POOL & CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.
Property Type(s): Commercial
Last Updated 8/11/2017 Year Built 2019
County Miami-Dade County

Price History

Prior to May 29, '17 $12,000,000
May 29, '17 - Today $9,990,000

Additional Details

BOARD IDENTIFIER A-Miami Association of REALTORS
ELECTRIC SERVICE Other Electric
ENVIRONMENTAL AUDIT None
INFORMATION AVAILABLE Other Available Information
LISTING TYPE Exclusive Agency
MUNICIPAL CODE 2
PARKING DESCRIPTION Assigned Parking
PROP TYPE TYPEOF BUILDING Hotel/Motel, Restaurant/Bar
PROPERTY TYPE Commercial/Industrial
SECTION 33
SHOWING INSTRUCTIONS Call Listing Agent
STATUS Active
STYLEOF PROPERTY Hotel Non-Waterfront
TYPEOF PROPERTY Hotel
WATERFRONT PROPERTY YN 0
YEAR BUILT DESCRIPTION New Construction

Location

 

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Listed with The Muskat Group, Inc.
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