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$7,590,000
Est. payment /mo
10,083 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,083 sqft
Price per Sqft $752
MLS Listing ID A11811796
Construction Status Resale
HOA Y/N No
Year Built 1936
Annual Tax Amount $80,940
Tax Year 2024
Lot Dimensions 12000
Property Description
Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.
Location
State FL
County Miami-dade
Area 42
Direction Corner of 7 Street and Washington Avenue, South Beach
Interior
Heating Window Unit, Wall Furnace
Cooling Wall/Window Unit(s)
Exterior
Roof Type Other
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Construction Status Resale
Others
Tax ID 02-42-03-270-0330
Ownership Self Proprietor/Individual
Security Features Other
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11811796
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Listed by Best of Luxury Realty Corp.