1255 WEST AV Miami Beach , Florida |
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$ 4,495,000Beds Baths1255 WEST AVMiami Beach , FL 33139
VACANT LAND -
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50% interest of 17,250 sq. ft. land is being sold to build a new hotel. currently operating for over 7 years is bikini hostel, cafe & beer garden. a profitable 11,200 sq. ft. hostel hotel with 35 rooms, over 200 beds, restaurant / bar with 188 capacity, 90 food service seats and a 5am alcohol license. keep as is or demolish & develop the last ground up opportunity allowed of a new hotel on west ave. recent ordinance restricts any others from development in the future. prior plans had design review board, variance, & entitlement approvals for: up to 6 stories, 34,500 sq. ft, 66 rooms with retail, restaurant / lounge to 5:00am alcohol license, venue space for special events & rooftop pool & cabanas or build 61 rooms with everything previously mentioned plus an indoor night club / bar.
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