3530 Biscayne Blvd - Hospitality FOR SALE


Miami, FL 33137- Midtown Miami
$10,000,000 USD
305-790-5511
3530 Biscayne Blvd, Miami, FL for Sale
$10,000,000 USD
Hospitality - FOR SALE
1/13
null | 5.45% Cap Rate

3530 Biscayne Blvd
Miami, FL 33137
Midtown Miami


OVERVIEW

The Keyes Company is pleased to present you with this rare Owner-User or Redevelopment opportunity in the heart of Miami’s urban core. Alternatively, this can be kept as an income producing Hotel in the heart of Miami’s urban core, strategically located walking distance to Midtown, Design District, and Wynwood. This asset represents an excellent opportunity for an Owner-User given the flexible layout, strong signage visibility, branding potential, and on-site parking. It also has the potential as a Prime Edgewater Development Site with Existing Income. Ideal for Multi-Family, Hospitality, Office, or Mixed-Use Development with ground-floor retail potential. The property is currently operating as “Up Midtown Hotel”, which provides substantial income while working on permitting process for either turning this asset into a high-end flagship office, or working on site plan approvals for a development.

FOR SALE DETAILS

PRICE

$10,000,000 USD

PRICE/SF

$861 USD /SF

# OF ROOMS

32

PRICE/ROOM

$312,500 {currency}

CAP RATE

5.45%

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Up Midtown Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1957

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.33 AC

LAND SF

14,359 SF

ZONING

T6-36a-O

APN/PARCEL ID

01-3230-005-0090

ASK ABOUT THIS PROPERTY

Tony UlloaThe Keyes Company - Commercial Sales & LeasingMore Info
305-790-5511

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Tony UlloaThe Keyes Company - Commercial Sales & LeasingMore Info
305-790-5511

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.