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Miguel Solis & Mario Chirino I Solis Chirino Group

mario.chirino@elliman.com +1(786) 253-7653

$ 7,590,000

Est. payment -/mo

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Active

763 E Pennsylvania Ave Miami Beach, FL 33139

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

Listed by Best of Luxury Realty Corp.

Miguel Solis & Mario Chirino I Solis Chirino Group

Real Estate Professionals | License ID: 3055493

+1(786) 253-7653

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Miguel Solis & Mario Chirino I Solis Chirino Group

763 E Pennsylvania Ave Miami Beach, FL 33139

Key Details

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Interior

Exterior

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Others

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763 E Pennsylvania Ave

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