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Property profile & analytics
OFF-MARKET
Hotels

511 16 St Miami Beach, FL 33139

Built 2024
Property ID
US19-0374478
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Hotels
Year built 2024
UPID US19-0374478
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • 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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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