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Miami Beach FL, 33141 $5,000,000

Hotel Commercial  

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Details ML#: A10725095  

  • Year Built: 1952
  • Taxes: $30,344
  • Status:Active

Description

Immaculate 21 Unit Hotel In The Heart Of North Beach. Unbeatable Location One Block Away From The Beach, Very Well Maintained. Building Has 4 1Bed/1Bath Units, 9 Regular 1 Bed Units, And 8 Hotel Rooms.
The Sorrento Villas Is Currently Operating Below Competitive Set Adr And Occupancy. The Hotel Will Be Offered Unencumbered My Management, Allowing A New Operator To Employ More Aggressive Sales, Marketing And Revenue Management Techniques. The Sorrento Villas Present An Investor With The Opportunity To Acquire An Asset In A Highly Desirable Region, For A Price Well Below Replacement Cost.

More Property Details

Property Features

Building Size: 5017   Lot Size: 5606   Lot Sq Ft: 32  

Financial

Taxes: $30,344  

Local Area Information

Zoning: 3900  

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Listing Information provided courtesy of Beachfront Realty Inc