538 Meridian Ave Miami Beach, FL 33139
- Hotels
Current Use by Public Records
- Hotels
Property Details for 538 Meridian Ave
- Year built
- 2019
- Property type
- Hotels
Description
Exceptional investment opportunity: a 12-unit boutique hotel in Miami Beach's vibrant South Beach. This 18,301 square foot, 2019-built property boasts 24 beds and 16 bathrooms, offering a blend of luxury and convenience. Each unit features a full kitchen (refrigerator, dishwasher, oven/stovetop, microwave) and is fully furnished with modern amenities, including flat-screen TVs, Wi-Fi, and tasteful décor. The hotel provides guests with concierge services, laundry facilities, and a parking garage. Its prime location places it within walking distance of the Collins Avenue Shopping District and Ocean Drive, blocks from Lincoln Road Mall and the Miami Beach Convention Center. Conveniently situated 5 miles northeast of Downtown Miami and 10 miles east of Miami International Airport. Currently leased to a hospitality group, this smoke-free building presents a strong, established income stream and significant potential for future growth. The asking price is $12,500,000. This is a rare opportunity to acquire a thriving, high-demand hotel in one of Miami Beach's most desirable locations.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1364011
- Latitude
- 25.7753881
