538 Meridian Ave , for Sale & Rent

538 Meridian Ave for Sale & Rent

Price $12,500,000.00

• Lot size 7000
• Year Build
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

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).

3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 74 LOT SIZE 50.000 X 140 OR 22680-3236 0904 4

City Location, Less Than 1 Acre

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).

City:Miami Beach,Zoning:6503,List A O R:A-Miami Association of REALTORS,Tax Year:2024,Latitude:25.775395,List Price:12500000,Listing Id:A11794468,Longitude:-80.1363756,Mls Status:Active,Utilities:1:Electricity Connected,2:Phone Connected,3:Water Connected,4:Cable Available,5:Electricity Available,6:Phone Available,7:Trash Removal,8:Water Available,Current Use:1:Unimproved Business/Commercial,Inclusions:WiFi Available,Postal Code:33139,Street Name:Meridian Ave,Coordinates:1:25.775395,Lot Features:1:Less Than 1 Acre,Photos Count:29,Days On Market:38,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:42,On Market Date:2025-03-25,Parcel Number:02-42-03-009-4930,Property Type:Commercial Land,Street Number:538,Public Remarks: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).,County Or Parish:Miami-Dade County,Frontage Length:0,List Office Name:Pulse Int'l Realty FL Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:6428,State Or Province:FL,Tax Annual Amount:79555,Unparsed Address:538 Meridian Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Agency,Building Area Units:Square Feet,Lot Size Dimensions:0x0,Lot Size Square Feet:7000,M I A M I R E_ L P Amt Sq Ft:1785.7143,Original List Price:12500000,Public Survey Range:42,I D X Participation Y N:1,Syndication Remarks: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).,Listing Contract Date:2025-03-25,Originating System I D:miamire,Public Survey Section:0,Showing Instructions:Call Listing Agent,Street Number Numeric:538,Tax Legal Description:3-4 54 42 34 53 42 OCEAN BEACH ADDN NO 3 PB 2-81 LOT 3 BLK 74 LOT SIZE 50.000 X 140 OR 22680-3236 0904 4,Public Survey Township:42,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks: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.,Contract Status Change Date:2025-03-25,Internet Address Display Y N:1,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,