Hotel Redevelopment with On-Site
3530 Biscayne Blvd Miami, FL 33137
3530 Biscayne Blvd, Miami, FL, 33137
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For Sale
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Operating hotel with flexible layout, strong signage visibility, and on-site parking near Midtown, Design District, and Wynwood.
Property Size11,608 SF
Price / SF$844.25
Days on Market13
Property Features for 3530 Biscayne Blvd
General Information
- Standard status
- Active
- Size
- 11,608 SF
- Property subtype
- Hospitality, Land, Office
Building Details
- Year Built
- 1957
Listing agency
The Keyes Company - Brickell Office
(305) 790-5511
Listed by
Tony Ulloa · License #SL3045193
Source
Crexi
Added: Jul 9 Updated: Jul 20 at 8:38PM Checked: Jul 21 at 5:25AM
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 The Keyes Company - Brickell Office
Investment Insights
Based on property information with market context.
This property is currently operating as “Up Midtown Hotel,” presenting an owner-user or redevelopment opportunity in Miami’s urban core. The asset is described as having a flexible layout and strong signage visibility, with branding potential and on-site parking available for guests and operations.
The location is identified as walking distance to Midtown, Design District, and Wynwood. As part of the redevelopment path, the remarks note that the owner is working through a permitting process for either converting the asset into a flagship office or pursuing site plan approvals for redevelopment.
The property is being positioned as potentially suitable for multiple redevelopment directions, including hospitality, office, or mixed-use concepts with ground-floor retail potential, alongside existing income while approvals are underway.
The location is identified as walking distance to Midtown, Design District, and Wynwood. As part of the redevelopment path, the remarks note that the owner is working through a permitting process for either converting the asset into a flagship office or pursuing site plan approvals for redevelopment.
The property is being positioned as potentially suitable for multiple redevelopment directions, including hospitality, office, or mixed-use concepts with ground-floor retail potential, alongside existing income while approvals are underway.
Key Highlights
- Built in 1957; currently operating as “Up Midtown Hotel”
- Flexible layout suitable for an owner‑user, redevelopment, or continued hotel use
- Strong signage visibility and branding potential
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $522.4k | $45.00 |
| − Vacancy | −$78.4k | −$6.75 |
| EGI | $444.0k | $38.25 |
| − OpEx | −$111.0k | −$9.56 |
| NOI | $333.0k | $28.69 |
11,608 SF · lease $45.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$4.76M
$4.16M – $5.55M
NOI $333,005 @ 7.0% cap · market cap 3.40%
Second Best
Hotel Hospitality
$1.25M
$1.09M – $1.46M
NOI $87,339 @ 7.0% cap · market cap 0.89%
Theoretical Best
Specialty Retail
$7.84M
$6.86M – $9.14M
NOI $548,483 @ 7.0% cap · market cap 5.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Up Midtown Hotel
Hotel & Motel
Wishes Biscayne Motel
Hotel & Motel
HOTEL MASA BARATO ...
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Operating hotel with flexible layout, strong signage visibility, and on-site parking near Midtown, Design District, and Wynwood.
Where is this hotel located?
The property is located at 3530 Biscayne Blvd Miami, FL.
What is the asking price?
The asking price for this property is $9,800,000.
What are key features of this property?
This property features: Built in 1957; currently operating as “Up Midtown Hotel”; Flexible layout suitable for an owner‑user, redevelopment, or continued hotel use; Strong signage visibility and branding potential
