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Hotels and Motels
$12,500,000
538 Meridian Ave Miami Beach, FL

A11816587

39 of 47 for Sale
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  • Listed On:

    Jun 5, 2025
  • Days on Market:

    36
  • Year:

    2019
  • Taxes:

    $79,555 per year
  • Floor Description:

    Carpet, Ceramic Floor
  • Occupancy:

  • Zoning:

  • Parking:

    Covered, Garage, Guest, Loading Spaces, No Truck/Trailer

538 Meridian Ave Miami Beach, FL 12 Units, 2 BD, 16 BA, 24 Beds, 18,301 SQFT. Located in the heart of South Beach, walk to Collins Ave. Shopping District & Ocean Drive. Blocks away from Lincoln Road Mall, and Miami Beach Convention Center. The property is situated 5 miles northeast of Downtown Miami and 10 miles east of Miami Int`l Airport. Property is leased to a hospitality group and its a boutique hotel. This is a smoke-free building with a parking garage. The units have a full-size kitchen with a refrigerator, dishwasher, oven with stovetop, microwave and washer and dryers. Units are fully furnished with modern furnishings throughout and beautifully decorated. Licensed for short term rentals. Cap Rate 5% (based on seller`s master lease income with tenant, not hospitality`s income).

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For Sale Details

  • Floor Description

    Carpet, Ceramic Floor

  • Parking Description

    Covered, Garage, Guest, Loading Spaces, No Truck/Trailer

  • Photo Count

    29

  • Property Type

    Commercial Sale

  • SqFt Total

    7000

  • Year Built

    2019

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