Offers Due August 8
CBRE, as exclusive advisor, is pleased to present the Aladdin Hotel, a 50-room hotel that allows for various uses located at 901 S Royal Poinciana Boulevard in Miami Springs. This is a Court appointed sale, free-and-clear of liens and claims. The property allows for multiple uses including:
- CONTINUATION OF THE CURRENT BUSINESS OPERATION AS A MOTEL
- REDEVELOPMENT OF THE 52,390 SQ. FT SITE FOR VARIOUS USES
- VALUE-ADD RENOVATION TO MULTIFAMILY
Built in 2007, the property totals 41,996 square feet in two buildings totaling 50 units. Building 1 located at the front of the building has 22 rooms and an office. Building 2, located at the back, has 28 rooms and offices and a laundry area with two industrial washers and two industrial dryers on the third floor. There are two elevators, one in each building. 35 of the 50 units have private individual garages. There are an additional 16 parking spaces at the back of the property.
There are 3 main unit types:
Duplexes: 8 rooms - two levels of living space with a private garage on ground floor
Studio with Garage: 27 rooms - single-level studios with a private garage on ground floor
Studios: 15 rooms - studios with no garage
The property is located in Miami Springs near the intersection of Le Jeune Road and NW 36 Street. The property is less than two miles from Miami International Airport (MIA) and provides easy access to State Road 112, Okeechobee Road and the under construction Inter Miami Soccer Stadium.