220 31st St , Ocean Front, Miami Beach, FL 33140

Ocean Front, Miami Beach
$8,400,000
Commercial

Property Description

Amazing Investment Opportunity in Miami Beach! Commercial property (small hotel) for sale. 2 lots are included with this sale: 8,000 sq ft + 4,000 sq ft. Folio# 02-3226-001-1220 and 02-3226-001-1250. Currently operating as a boutique hotel one block away from the ocean. 52 hotel units, 4 buildings in total. FAR is 2.0. RM-2 Zoning District. The land has potential for an investor to increase the number of hotel rooms or develop apartments/short-term rentals.
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PROPERTY DETAILS

  • Exterior
    .14 Acres
  • Property Type
    Commercial
  • MONTHLY REAL ESTATE TAX
    $3,227
  • Year Built
    1939
  • MLS/Listing ID
    A11083674
  • Days On Market
    328
Listing Courtesy of Sol/Mar Real Estate LLC