South Beach Hospitality Investment
For Sale
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538 Meridian Avenue, Miami Beach, FL 33139
Prime South Beach investment property with NNN leaseback to CVC.
Property Size18,301 SF
Price / SF$683.02
Days on Market934
Property Features for 538 Meridian Avenue
General Information
Standard status
Active
Size
18,301 SF
Property subtype
Hospitality
Zoning
6503 COMMERCIAL
Investment Type
Sale/Leaseback
Net Operating Income
$601,740
Building Details
Year Built
2019
Buildings
1
Stories
5
Listing Agency:
Elite International Realty
Listed By:
Daniel Ickowicz · License #BK 3123790
Source:
Crexi
Added: Jan 26, 2024
Changed: Aug 8
Last Checked: Aug 8 at 4:32AM
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 Elite International Realty
Investment Insights
Based on property information with market context.
Located on Meridian Avenue and 5th Street in South Beach, this property presents an investment opportunity with a Triple-Net (NNN) leaseback to CVC Corp, identified as one of the largest travel groups in Latin America. CVC Corp operates in Brazil, Argentina, and the United States, with brands in vacation and leisure, corporate/business, education, and residence management and rental. The property, situated at 538 Meridian Ave, features 12 units, including 2 bedrooms and 16 bathrooms, with a total of 24 beds. The building spans 18,301 square feet and is located approximately half a mile from the ocean in South Beach.
Key Highlights
- Triple‑Net (NNN) leaseback to CVC, a large Latin American travel group, providing a stable income stream.
- Prime investment opportunity in the heart of South Beach.
- Centrally located on Meridian and 5th Ave, ½ a mile from the ocean.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,712
Businesses Nearby
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Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hospitality property - Prime South Beach investment property with NNN leaseback to CVC.
Where is this hospitality property located?
The property is located at 538 Meridian Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $12,500,000.
What are key features of this property?
This property features: Triple‑Net (NNN) leaseback to CVC, a large Latin American travel group, providing a stable income stream.; Prime investment opportunity in the heart of South Beach.; Centrally located on Meridian and 5th Ave, ½ a mile from the ocean.
