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Business Opportunity
$7,590,000
$7,360,000
3%
763 E Pennsylvania Ave Miami Beach, FL

A11811796

81 of 88 for Sale
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an agent
  • Listed On:

    May 30, 2025
  • Days on Market:

    44
  • Year:

    1936
  • Taxes:

    $78,528 per year
  • Floor Description:

  • Occupancy:

  • Zoning:

  • Parking:

    Loading Spaces, On Street

763 E Pennsylvania Ave Miami Beach, FL Great Redevelopment Opportunity. Own future control of the Royal South Beach Condominium-Hotel. Located two blocks from Ocean Drive’s beach access. This offer is to acquire 32 out of 42-total units (combined 9,503 square feet). Advertised in 2 separate MLS listings: A11809242 (18 Units) and Business Opportunity A11811796 (14 Units). Licensed for “nightly or long term-rentals” through self-managed or optional hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). Units currently rented, fully furnished with equipped kitchenettes. THIS OFFER IS NOT FOR THE ENTIRE BUILDING, but additional units can be negotiated for full ownership. Building passed 40-Yr Recertification. Review MLS attachments and broker remarks for additional information.

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For Sale Details

  • Floor Description

    Ceramic Floor, Other

  • Heating Description

    None

  • Insurance Expense

    1000

  • Ownership

    Self Proprietor/Individual

  • Parking Description

    Loading Spaces, No Guest Parking, On Street

  • Photo Count

    4

  • Property Type

    Business Opportunity

  • Terms Considered

    All Cash

  • Year Built

    1936

  • Year Established

    1900

Any questions about Business Opportunity?
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