1400 West Ave Miami Beach, FL 33139

This exceptional South Beach investment opportunity presents two adjacent, renovated single-family homes totaling 6,018 square feet on an 11,000 square foot lot. Currently operating as a 10-key short-term rental hotel, the property boasts impact windows and doors and is offered fully furnished and turnkey. Built in 1938, the two-story buildings are situated in a prime location, just blocks from Lincoln Road's vibrant shops and restaurants, and Flamingo Park's recreational amenities. The RM-1 zoning allows for significant redevelopment potential, including the construction of two larger single-family homes while retaining the existing short-term rental licenses, or a new 5-story condo or multifamily residential development. This unique offering presents a compelling opportunity for both seasoned investors/operators and developers seeking a high-return investment in a highly desirable South Beach location. The property is located at 1400 West Ave, Miami Beach, FL 33139, in Miami-Dade County. The asking price is $8,995,000.