Address
1255 WEST AV Miami Beach, FL
Price
$ 8,990,000
Property Attributes
  • MLS#A10497669
  • TypeBusiness Op
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area32
  • Zip33139
  • Style
  • Price$ 8,990,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage1634
Listing Provided Courtesy Of:
The Muskat Group, Inc.
Property Description

BIKINI HOSTEL, CAFE & BEER GARDEN HOTEL PROFITABLY OPERATING FOR OVER 8 YEARS, WITHIN 11,200 SQ. FT, 35 ROOMS, OVER 200 BEDS, RESTAURANT/BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS & 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 OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & 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, CABANAS OR IF 5 ROOMS LESS, AN INDOOR NIGHT CLUB/BAR. SELLER WILL CONSIDER FOR HALF THE LIST PRICE A 50% JOINT VENTURE.

Price History
7/7/2018 Listed $9,990,000
3/18/2019 11% - $8,990,000

General Features

Building Name Bikini Hostel, Cafe & Beer Gar
Business Type BarTavernLounge, Restaurant
Electric Other
MLS Area 32
Parking Features Assigned
Property Type BusinessOpportunity
Zoning Description 40/MUL M

Interior Features

Living Area 1634.0

Exterior Features

Building Area Total 1634.0
Covered Spaces 0.0
Total Parking 9.0

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33139

Price
AVG $860K
$8.99M
Visits
AVG 83
150
Year Built
AVG 1975
2020
Walkscore
AVG 94
90
Data Provided by Walkscore ® not using MLS data

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