Property profile

300 21st St Miami Beach, FL 33139

OFF-MARKET
Hotels
Property ID
US18-1489822
27,412 SF 0.22 ac lot Built 1940
Entity Owned 11-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 27,412 square foot restaurant, located within a hotel, presents a unique investment opportunity. The property boasts a captivating Art Deco design, enhanced by its setting on a palm tree-lined street. The restaurant's interior is elegantly designed within the hotel lobby, creating an inviting atmosphere for diners. Adding to its appeal are two outdoor terraces, offering al fresco dining options with ample outdoor exposure. The restaurant's prime location provides easy access to the ocean, a mere five-minute walk away. Its strategic position also places it directly across the street from Soundscape Park and The Fillmore, offering patrons convenient access to vibrant local entertainment and cultural attractions. The property is zoned 4000 and has a single tenant occupancy within a single-suite building (APN: 02-32-26-001-0170). This turnkey operation offers a blend of sophisticated ambiance, convenient location, and proximity to cultural hotspots, making it an attractive proposition for discerning investors.

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1940
Construction CONCRETE
Total area 27,412 SF
Lot 0.22 ac (9,375 SF)
Zoning code 4000:MULTI-FAM,63-100 U/A
APN 02-3226-001-0170
UPID US18-1489822

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Dog Walker
  • Hotel & Motel
  • Restaurant

Location

300 21st St Miami Beach, FL 33139-1703
Miami Beach metro Census 4206 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.52M

Owner & transaction history

since 2015
4 recorded transactions
2020
Price N/A
2017
Price N/A
2015
Price N/A
2005
$8.0M

Zoning & alternative use

4000:MULTI-FAM,63-100 U/A · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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