Boutique Hotel with Lobby
8118 Harding Ave Miami Beach, FL 33141
For Sale
$5,560,000
Pending
Boutique hotel featuring 22 units, a large lobby area, and a patio for events, with on-site parking.
Days on Market3202
Property Features for 8118 Harding Ave
General Information
Standard status
Pending
Property subtype
General Commercial
Building Details
Year Built
1946
Listing Agency:
(786) 663-1711
Listed By:
Avanti Way
(786) 663-1711
Source:
Xome
Added: Oct 23, 2017
Changed: Jul 25
Last Checked: Jul 25 at 8:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Avanti Way
Investment Insights
Based on property information with market context.
This boutique hotel property has been completely updated as part of a full reconstruction, creating 22 units, with the option to expand to 23 units. The layout includes a very big lobby for breakfast and events, along with a patio suited for gatherings. The units consist of 11 one-bedroom, one-bath accommodations with kitchens and 11 hotel studios equipped with appliances including a frigobar, coffee maker, and microwave. The sale includes brand new furniture.
The property is currently rented to a Hotelier Group under a triple net lease, with an annual income indicated for year one of $370,000 and annual increases up to $392,000, with a stated net cap range of 6.5% to 7%. On-site parking is available with nine parking spaces noted.
All units are described as new, with a European modern design. The offering also includes the property’s reconstruction and updated hotel improvements.
The property is currently rented to a Hotelier Group under a triple net lease, with an annual income indicated for year one of $370,000 and annual increases up to $392,000, with a stated net cap range of 6.5% to 7%. On-site parking is available with nine parking spaces noted.
All units are described as new, with a European modern design. The offering also includes the property’s reconstruction and updated hotel improvements.
Key Highlights
- Boutique hotel with 22 units: 11 one‑bed/one‑bath units with kitchen and 11 hotel studios with minibar, coffee maker, and microwave
- Totally reconstructed/built‑out with completely updated interiors and a large lobby for breakfast and events
- Patio for events plus guest facility count listed as 3
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Hotel - Boutique hotel featuring 22 units, a large lobby area, and a patio for events, with on-site parking.
Where is this hotel located?
The property is located at 8118 Harding Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $5,560,000.
What are key features of this property?
This property features: Boutique hotel with 22 units: 11 one‑bed/one‑bath units with kitchen and 11 hotel studios with minibar, coffee maker, and microwave; Totally reconstructed/built‑out with completely updated interiors and a large lobby for breakfast and events; Patio for events plus guest facility count listed as 3
