Miami Beach, FL 33139 538 Meridian Ave
$12,500,000
24 more
Presented By: This listing is courtesy of Pulse Int'l Realty FL Inc;
SQFT • 18,301
Garage • 1
Home Details
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).
Presented By: This listing is courtesy of Pulse Int'l Realty FL Inc;
Interior Features for 538 Meridian Ave
Bathrooms
Total Baths
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
FlooringCarpet, CeramicTile
Heating Y/NNo
General for 538 Meridian Ave
Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityMiami Beach
Construction MaterialsBlock
CountyMiami-Dade
Garage Y/NYes
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Legal Description3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 74 LOT SIZE 50.000 X 140 OR 22680-3236 0904 4
Lot Size Square Feet7000.0
Lot Size UnitsSquareFeet
MLS Area42
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeCallAgent
PossessionCloseOfEscrow
PostalCityMiami Beach
Property Attached Y/NNo
Property SubtypeHotelMotel
Property TypeCommercialSale
Rent Control Y/NNo
Security FeaturesFenced, FireSprinklerSystem, SecurityGate, SmokeDetectors
Senior Community Y/NNo
Showing InstructionsCall Listing Agent
Special Listing ConditionsCorporateListing
Standard StatusActive
StatusActive
Structure TypeHotelMotel, Retail
Tax Annual Amount79555.0
Virtual TourClick here
Year Built2019
Zoning Description6503
Exterior for 538 Meridian Ave
Building Area Total18301.0
Covered Spaces0.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Area7000.0
Number of Buildings1
Parking FeaturesAccessibleParking, Covered, Garage, Guest
Private PoolNo
Road Frontage TypeCityStreet
SpaNo
Waterfront Y/NNo
Additional Details
Price History
Dawn Brown-Conrad
Realtor®
