South Beach Hostel for Sale $5.5M
- Property Name: South Beach Hostel
- Address: 235 Washington Avenue, Miami Beach, FL
- Building Size: 9,000 sq.ft.
- Lot Size: 6,500 sq.ft.
- Zoning: 0021 HOTEL
- # of rooms: 48
- Liquor License: Yes
- Restaurant: Yes
- Cap Rate: 9.4%
- Year Built: 1938
- Price: $5.5M
Highlights
174 Bed Hostel, Licensed for 48 Rooms, 38 In-Service, Offered at 9.4% Cap Rate based on 12 trailing months – Best Income in South Beach! Amenities: Shuttle Service, Movie Theater, Full Guest Kitchen, Internet Cafe, 4COP Liquor License (5AM), Take-out Restaurant License with Full Kitchen (Not in Service) – can convert to restaurant with seats. Every inch of this building has been renovated and improved by current Owner. Rated among the TOP TEN Hostels in the US. Google South Beach Hostel to see more!
