7710 Harding Ave - Hospitality FOR SALE


Miami Beach, FL 33141- North Shore
$4,160,000 USD
954-529-3017
7710 Harding Ave, Miami Beach, FL for Sale
$4,160,000 USD
Hospitality - FOR SALE
1/14
null | 5.38% Cap Rate

7710 Harding Ave
Miami Beach, FL 33141
North Shore


HIGHLIGHTS

  • Attractive Art Deco Building in North Beach
  • Short Term Rental Building on Harding Avenue
  • Excellent Location in North Beach Section of Miami Beach, Potential to operate as long term or short term rentals
  • Close to World Class Shopping and Restaurants
  • Impact Windows and Doors, Renovated Kitchens and Bathrooms
  • Secured Entrances and Courtyards

OVERVIEW

The Beachside Apartment Hotel is a luxury apartment-style boutique hotel, located in the North Beach section of Miami Beach. The property offers guests fully furnished studio and one-bedroom apartments with fully equipped kitchens just steps from the Atlantic Ocean. The Beachside is a 16-unit Art Deco apartment building that has operated as a boutique hotel for the last 10 years. There are currently four of the 16 units that are leased on a long term basis as furnished units. The property is ideally located on Harding Avenue (A1A) in the North Beach area of Miami Beach and is one of a handful of properties in the North Beach market that has the proper location to legally operate as a short-term rental property. The property was built in 1950 and was renovated in 2015 to be operated as short term rental building. It sits on a corner lot that is approximately .25 acres and is zoned RM-1.

FOR SALE DETAILS

PRICE

$4,160,000 USD

PRICE/SF

$390 USD /SF

# OF ROOMS

47

PRICE/ROOM

$88,511 {currency}

CAP RATE

5.38%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beachside Apartment Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1950

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

3900

APN/PARCEL ID

02-3202-007-0620

ASK ABOUT THIS PROPERTY

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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