Approved 120 Key Hotel | Miami Beach Land FOR SALE


Miami Beach, FL - City Center18,295 SF
$16,500,000 USD
305-695-4253
, Miami Beach, FL for Sale
$16,500,000 USD
Land - FOR SALE
1/11

Approved 120 Key Hotel | Miami Beach
Miami Beach, FL
City Center


HIGHLIGHTS

  • Premier Location – Prime corner location in the Collins Park Cultural District, close to the Miami Beach Convention Center, and luxury hotels
  • Development Opportunity – Fully entitled development site with approved plans for a 120-room boutique hotel; or build 58 condo units, steps from beach
  • Excess FAR – The property benefits from excess FAR allowing for a total of 49,440 buildable square feet
  • Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year
  • Flexible Zoning – CD-3 zoning allows for hospitality, residential, retail, restaurant, mixed-use, and more.
  • High Barrier to Entry – Miami Beach remains one of South Florida’s most supply-constrained real estate markets due to limited supply of vacant land

OVERVIEW

FULLY ENTITLED DEVELOPMENT SITE Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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