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1321 15th St
Miami Beach, FL 33139

$6,200,000 USD

Hotel For Sale  •  8,493 SF

Property Details

  • Property Type Hotel
  • Total Building Size 8,493 SF
  • Lot Size 0.17 AC
  • Building Class C
  • Year Built 1945
  • Cap Rate 5.07 %
  • Zoning RM-1
48 Transit Score
93 Walk Score

Highlights

- Exceptional South Beach Location
- Eight 2BR Suites & Six 1BR Suites
- All Suites are Meticulously Renovated
- Use AirBnB, Bookings.com, Expedia, etc
- Currently Net Leased at $34,000/month
- Highly Differentiated SubMarket

Property Flyers

Financial Summary (Actual)

Net Operating Income: $314,263 USD (2024)
Cap Rate: 5.07 %
Total Expenses: $93,737 USD

Amenities

  • Wheelchair Accessible
  • Public Access Wifi
  • Smoke-Free
  • Smoke Detector

Public Transportation

Commuter RailDriveWalkDistance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 11 min - 5.1 mi
Government Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover), Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 11 min - 5.4 mi
AirportDriveWalkDistance
Miami International 29 min - 15.4 mi
Fort Lauderdale/Hollywood International 40 min - 26.6 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Neal Deputy 305-850-8424 Keyes Commercial Real Estate
Neal Deputy 305-850-8424 Keyes Commercial Real Estate