538 Meridian Ave Miami Beach, FL 33139
Prime South Beach investment property with NNN leaseback to CVC.
Type:Hospitality
Property size:
18,301 SF- Added:
- Jan 26, 2024
- Days on Market:
- 819
- Last Refresh:
- Mar 17 at 1:25 pm
Property Features for 538 Meridian Ave
General Information
- Standard status
- Active
- Size
- 18,301 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 2019
Listing agent Daniel Ickowicz License #BK 3123790
Listing office Elite International Realty
Listing date Jan 26, 2024
Source Crexi
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
Overview
South Beach Hospitality Investment Opportunity
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.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Hospitality properties
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.136395
- Latitude
- 25.775259
Nearby Similar for Sale
FAQs
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 Ave 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.
