235 18th St Miami Beach, FL 33139-2011
- Hotels
- 4,779 SF
- 0.08 lot acres
Current Use by Public Records
- Hotels
Property Details for 235 18th St
- Year built
- 1937
- Construction
- CONCRETE
- Lot size
- 0.08 lot acres
- Property size
- 4,779 SF
- Zone code
- 4000:MULTI-FAM,63-100 U/A
- Property type
- Hotels
- APN
- 02-3234-019-0120
- APU
- 232340190120
Description
This exceptional 12-key boutique hotel in Miami Beach presents a lucrative investment opportunity. Located on 18th Street, just steps from the beach and adjacent to Collins Avenue, this property boasts a prime South Beach location. The 4,779 square foot, two-story building, constructed in 1937 and renovated in 2015, sits on a 3,375 square foot lot (APN: 02-3234-019-0120) and is zoned RM-2, Hotel. Currently operating at 100% occupancy, generating $300,000 in annual revenue, the hotel features twelve guest rooms (the city officially records ten rooms) plus a check-in area easily convertible into an additional guest room. The property includes all necessary licenses for hotel and short-term rental operations. This turnkey operation offers the potential for continued tenant operation or independent management. The asking price is $4,600,000 ($962.54/sq ft). This is a rare chance to acquire a thriving, established hotel in one of Miami Beach's most desirable locations. The property's pristine condition and strong financial performance make it an ideal investment for both owner-users and passive investors seeking a high-return asset in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $515,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $720,000
- 6.5%
- $665,000
- 7%
- $615,000
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Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1302
- Latitude
- 25.7941
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
