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  • The property is located in the heart of South Beach, along Collins Avenue, one of the most prominent hotel and retail corridor nationwide. The property currently operates as a licensed hotel building with 22 units all including full kitchens and averaging 370 square feet. The hotel license is transferable. Out of the 22 units, 12 units are currently master-leased to a short-term rental operator, Nuovo Properties LLC. The lease expires in May 2022 and features $21,000 per month in rent. The remaining 10 units are owner-managed and operated as short-term rentals listed on Airbnb.

    • Additional Details
      • Address952 Collins Ave
      • Price$6,500,000
      • CityMiami Beach
      • MLS #A11099067
      • Property TypeCommercial Sale
      • Year Built1958
      • Property ClassCommercial Sale
      • StatusActive-Available
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