8118 Harding Ave

    Miami Beach, FL 33141
    • $5,560,000
    • STATUS: Active
    • ON SITE: 336 days
    • MLS #: A10375004
    UPDATED: 35 min ago
    $5,560,000
    • 0
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    32
    Type:
    Commercial
    Built:
    1946
    County:
    Area:
    32

    School Ratings & Info

    Description

    OWNER MOTIVATED! Rare opportunity to buy a boutique Hotel in Miami Beach just one block away from the ocean!22 totally reconstruction (can be 23 units) + Big Lobby for Breakfast + Patio for Events, all new units with European Modern Design , sale included Brand New Furniture, 9 (nine) parking spaces on site. Hotel has been completely updated Property is currently rented for 5 years to Hotelier Group with a triple net lease with cap on prop taxes annual income of $370,000 on first year with annual increases up to $392,000 NET CAP 6.5 to 7% BOUTIQUE BUILDING 22 UNITS 11 (1 BED AND 1 BATH) WITH KITCHEN & 11 HOTEL STUDIOS WITH FRIGOBAR COFFE MAKER AND MICROWAVE VERY BIG LOBBY FOR BREAKFAST AND EVENTS

    Monthly Payment Calculator



    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-10-20T12:40:55.437.
    www.bestbrowardrealestate.com/homes/78848414

    8118 Harding Ave Miami Beach, FL 33141

    • Price: $5,560,000
    • Status: Active
    • Updated: 35 min ago
    • MLS #: A10375004
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    1946
    Built
    Neighborhood:
    32
    County:
    Miami-Dade
    Area:
    32
    Property Description
    OWNER MOTIVATED! Rare opportunity to buy a boutique Hotel in Miami Beach just one block away from the ocean!22 totally reconstruction (can be 23 units) + Big Lobby for Breakfast + Patio for Events, all new units with European Modern Design , sale included Brand New Furniture, 9 (nine) parking spaces on site. Hotel has been completely updated Property is currently rented for 5 years to Hotelier Group with a triple net lease with cap on prop taxes annual income of $370,000 on first year with annual increases up to $392,000 NET CAP 6.5 to 7% BOUTIQUE BUILDING 22 UNITS 11 (1 BED AND 1 BATH) WITH KITCHEN & 11 HOTEL STUDIOS WITH FRIGOBAR COFFE MAKER AND MICROWAVE VERY BIG LOBBY FOR BREAKFAST AND EVENTS
    Exterior Features

    Construction Type Concrete Block Construction Num Loading Doors 124 Num Parking Spaces 8 Parking Description Assigned Parking Roof Description Various Material(S) Roof Storm Protection Complete Impact GlassHigh Impact Door Waterfront Property Yn No

    Interior Features

    Ceiling Description Ceiling Height VariesInsulated Floor Description Marble/Slate Floors Interior Ceiling Height 12.0000 Maximum Ceiling Height 14.0000 Num Offices 1

    Property Features

    Approximate Lot Size 13750 Boat Services BeachBeach Access Electric Service 101-200 Amps Fire Protection Smoke AlarmSmoke DetectorSprinklers Flood Zone Ae Information Available Contracts Lease Term Info 4 To 6 Year Lease Location Of Property Beach AccessCommercial Park Num Bays 0 Property Description New ElectricalFire Preventio Sale Includes Building & LandBusinessFurnitureInventoryLeases Sale Includes Incl EquipmentFurniture/FixturesInventoryLeases Security Information FencedSecurity GateSecurity LightingSecurity System Tax Amount 32070 Tax Year 2016 Typeof Property Hotel

    Listing courtesy of Weichert Realtors Best Beach R.


    Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2018, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2018-10-20T12:40:55.437.
     
    The Teri Arbogast Team at Keller Williams Partners SW
    2000 NW 150th Ave Suite 1100
    Pembroke Pines FL, 33028