$8,400,000
Miami Beach, FL 33140
MLS# A11083674
Status: Closed
6000 sqft
1 / 15
Property Description
Amazing Investment Opportunity in Miami Beach! Commercial property (small hotel) for sale. 2 lots are included with this sale: 8,000 sq ft + 4,000 sq ft. Folio# 02-3226-001-1220 and 02-3226-001-1250. Currently operating as a boutique hotel one block away from the ocean. 52 hotel units, 4 buildings in total. FAR is 2.0. RM-2 Zoning District. The land has potential for an investor to increase the number of hotel rooms or develop apartments/short-term rentals.
Details
Maps
Contract Information
Comp Sale YN: No
Listing Date: 2021-08-11
Status: Closed
Original List Price: 12000000
Sold Price: $8,400,000
Current Price: $8,400,000
Location and Legal
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami Beach
Postal Code: 33140
Subdivision Number: 1
Flood Zone: AE
Country: United States
Street Number: 220
Street Name: 31st
Street Suffix: Street
State Or Province: FL
Postal Code +4: 4103
Area: 2320
Parcel Number: 0232260011220
Zoning: 4000
Directions: Between Collins Ave and Indian Creek on 31st Street.
General Property Information
Number Of Buildings: 4
Price Per Unit: 230769
Occupant Type: Tenant
Year Built Details: YearBuiltDescription Resale
Lot Size Area: 6000
Stories Total: 3
Property Sub Type: Hotel/Motel
Building Area Main: 6000
Year Built: 1939
Lot Size Acres: 0.14
Office/Member Information
DXORIGMLSID: SEF
Status Change Information
Buyer Financing: Cash
Major Change Timestamp: 2022-07-05T15:02:43Z
Major Change Type: Status Change
Price Change Timestamp: 2021-11-11T16:32:43Z
Status Change Date: 2022-07-08
Under Contract Date: 2022-04-18
Close Date: 2022-07-05
Close Price: 8400000
Parking Features
On Street: 1
Property Condition
Resale: 1
Documents Available
Aerial Photo(s): 1
Site Plans: 1
Structure Type
Hotel/Motel: 1
Location of Property
Inside Lot: 1
Possession
Negotiable: 1
Sale Includes
Building: 1
Land: 1
Listing Terms
Cash: 1
Conventional: 1
Showing Requirements
Call Listing Agent: 1
Contingencies
Inspection: 1
Buyer Details
Intended Use: Investment
Concessions
Seller Concessions: No
Section Details
Parcel Number MLX: 1220
Financial Information
Tax Annual Amount: 38719
Tax Legal Description: 23-26-27- 34 53 42 M B IMPROVEMENT CO SUB PB 5-7 LOTS 14 & 17 BLK 14 OR 16239-3731 0194 2 (2)
Originating Details
Originating System Key: 361524868
Originating System ID: M00000151
Property Features
Documents Available: Aerial Photo(s); Site Plans
Location of Property: Inside Lot
Parking Features: On Street
Possession: Negotiable
Property Condition: Resale
Sale Includes: Building; Land
Listing Terms: Cash; Conventional
Structure Type: Hotel/Motel
Showing Requirements: Call Listing Agent
Contingencies: Inspection
Listing Office: Sol/Mar Real Estate LLC
Last Updated: May - 18 - 2026
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