1255 West Ave, Miami Beach, FL 33139, USA
$9,990,000 USD
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| Address | 1255 WEST AV, Miami Beach |
| Building Name | Bikini Hostel, Cafe & Beer Gar |
| Type of Property | Hotel / Motel, Lounge, Restaurant |
| Type of Business | Hostel w / Hotel Development |
| Business Location | Corner Lot |
| Property Style | Bar / Lounge Only, Business, Restaurant |
| Price | $9,990,000 |
| Previous Price | 0 (37 days ago) |
| Property Status | Active |
| MLS Number | A10497669 |
| Year Built | 2020 |
| Parking Space Number | 9 |
| Folio Number | 02-32-33-018-0090 |
| Zoning Information | 40/MUL M |
| Days on Market | 231 |
Detailed Description: BIKINI HOSTEL, CAFE and BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 7 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS and 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, and ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT / LOUNGE TO 5: 00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS AND ROOFTOP POOL and CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB / BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.
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Address Information
| State | FL |
| City | Miami Beach |
| County | Miami-Dade County |
| Zip Code | 33139 |
| Address | 1255 WEST AV |
| Business Location | Corner Lot |
| Section | 33 |
| Subdivision Number | 18 |
| Zip Code (4 Digits) | 4307 |
| Google Location Info | 1255 West Ave, Miami Beach, FL 33139, USA |
Financial Information
| Price | $9,990,000 |
| Folio Number | 02-32-33-018-0090 |
| Tax Year | 2018 |
Full Descriptions
| Detailed Description | BIKINI HOSTEL, CAFE and BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 7 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS and 5AM ALCOHOL LICENSE. SITS ON 17,250 SQ. FT. OF LAND THAT HAS DEVELOPMENT RIGHTS TO DEMOLISH THE EXISTING OPERATION AND BUILD THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, and ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT / LOUNGE TO 5: 00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS AND ROOFTOP POOL and CABANAS OR WITH 5 ROOMS LESS, AN INDOOR NIGHT CLUB / BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE. |
| How to Reach | PRIME LOCATION. AMAZING WEST AVE FOOT and AUTO EXPOSURE BETWEEN BARTON G RESTAURANT and 1 BLOCK DIAGONALLY ACROSS FROM MONDRIAN HOTEL. INTER-COASTAL WATER VIEWS ACROSS THE STREET FROM 2ND FLOOR UP. LAND IS: 1255 WEST AVE, 1247 WEST AVE AND 1234 13 ST. |
| Parking Description | Assigned Parking |
| Occupancy Information | Call Listing Agent |
| Remarks | EXISTING RESTAURANT / BAR TO 5AM and OVER 200 BED HOTEL HOSTEL PROFITABLY OPERATING FOR >7 YEARS WITHIN 11, 200 SQ. FT, 35 ROOMS AND 17, 250 SQ. FT. LAND. |
Property parameters
| Zoning Information | 40/MUL M |
| Year Built | 2020 |
| Type of Property | Hotel / Motel, Lounge, Restaurant |
| Type of Business | Hostel w / Hotel Development |
| Style | Bar / Lounge Only, Business, Restaurant |
| Building Name | Bikini Hostel, Cafe & Beer Gar |
| Street Direction | Florida |
| Parking Space Number | 9 |
| Listed with | The Muskat Group, Inc. |