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| Code: | 9399F20 |  |
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| City: | Miami Beach | |||
| Retail Type: | ||||
| Price: | $ 5,195,000 | |||
| Cap. Rate: | ||||
| Tenancy: | ||||
| Retail Sq.Ft.: | 9,454 | |||
| Lot. Area Sq. Ft.: | 11751 | |||
| Parking: | ||||
| Year: | 1939 | |||
| 6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 square feet each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals. | ||||
Data provided is deemed reliable but not guaranteed. Casa Miami Realty is not responsable for the accuracy of the information listed above. The date relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, and is provided here for consumers personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchising. |
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