511 16 St Miami Beach, FL 33139
This exceptional 2-building hotel, completed in 2024, presents a lucrative investment opportunity in the heart of Miami Beach. Located at 511 16th Street, this ADA-compliant property boasts a prime location just steps from the iconic Lincoln Road Mall. Enjoy easy access to South Beach's vibrant attractions, including the beach, Ocean Drive, Flamingo Park, Espanola Way, and the renovated Convention Center. The property's proximity to world-class dining, shopping, and cultural experiences ensures high occupancy rates. Currently operating as a fully licensed short-term rental, this asset offers immediate income potential. The two buildings are two stories each, providing ample space for guests. The asking price for this remarkable hospitality investment is $8,250,000. This unique opportunity combines the allure of South Beach with the convenience of a fully operational, high-demand hotel. Detailed financial information is available upon request. Don't miss this chance to own a piece of Miami Beach's thriving hospitality market. This property is perfectly positioned to capitalize on the area's consistent tourism and strong rental demand. The property's operational status and existing licenses streamline the acquisition process, making it an attractive investment for experienced hospitality investors.
-
Isalis (Bike/Boat/Book/etc) Store
-
Party City Party Supply Store (Bike/Boat/Book/etc) Store
-
Skunk Funk Big Box & Wholesale Store
-
Carl's Trading Co Hat Shop
-
Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.