IMMACULATE 21 UNIT BUILDING IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH
Florida, Miami Beach
$4,900,300 / AED17,995,961
Location: Florida, Miami Beach
Plot size & built up area: Sqft
Property Availability Status :
IMMACULATE 21 UNIT HOTEL IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH, VERY WELL MAINTAINED. BUILDING HAS 4 1BED/1BATH UNITS, 9 REGULAR 1 BED UNITS, AND 8 HOTEL ROOMS.
THE SORRENTO VILLAS IS CURRENTLY OPERATING BELOW COMPETITIVE SET ADR AND OCCUPANCY. THE HOTEL WILL BE OFFERED UNENCUMBERED MY MANAGEMENT, ALLOWING A NEW OPERATOR TO EMPLOY MORE AGGRESSIVE SALES, MARKETING AND REVENUE MANAGEMENT TECHNIQUES. THE SORRENTO VILLAS PRESENT AN INVESTOR WITH THE OPPORTUNITY TO ACQUIRE AN ASSET IN A HIGHLY DESIRABLE REGION, FOR A PRICE WELL BELOW REPLACEMENT COST.
General Description | |
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Web Reference: | RO-RETSCLS-MX-1200812200 |
Ref/MLS No: | A10725095 |
Country: | United States |
State: | Florida |
City: | Miami Beach |
Latitude: | 25.8609 |
Longitude: | -80.12237399999998 |
Exclusive: | No |
Property Type: | Commercial |
Commercial Property Type: | Hotel/Hotel Apartments |
Furnished: | No |
Tenanted: | No |
No. of Bathrooms: |
Attributes | |
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Lot/Plot Size SqF: | 11000.00 |
Lot/Plot Size SqM: | 1021.74 |