498 NE 78 St Rd

    Miami, FL 33138
    • $2,300,000
    • STATUS: Active
    • ON SITE: 484 days
    • MLS #: A10492361
    UPDATED: 69 min ago
    $2,300,000
    • 0
      BEDS
    • 0.29
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1939
    County:

    School Ratings & Info

    Description

    OWNER SAYS SELL! BRING ALL OFFERS! Great deal on a centrally located revitalized area. Currently used as a hotel with $300K gross income and 12.05% cap rate. The property has 134 feet of waterfront, and overlooks the river that runs behind plus there is a scenic park just on the other side of the river. The location is within a close proximity to Wynwood and shopping districts with just a short distance to the beach. This building is currently used as a 12 unit hotel. (Tax record reflects 8 apt. units.) The two adjoining properties are also available...providing 445 feet along the river, which would be great for redevelopment. Call for more details.

    Monthly Payment Calculator



    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-23T07:41:44.53.
    www.southfloridahomefinderteam.com/homes/84994212

    498 NE 78 St Rd Miami, FL 33138

    • Price: $2,300,000
    • Status: Active
    • Updated: 69 min ago
    • MLS #: A10492361
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.29
    Acres
    1939
    Built
    County:
    Miami-Dade
    Property Description
    OWNER SAYS SELL! BRING ALL OFFERS! Great deal on a centrally located revitalized area. Currently used as a hotel with $300K gross income and 12.05% cap rate. The property has 134 feet of waterfront, and overlooks the river that runs behind plus there is a scenic park just on the other side of the river. The location is within a close proximity to Wynwood and shopping districts with just a short distance to the beach. This building is currently used as a 12 unit hotel. (Tax record reflects 8 apt. units.) The two adjoining properties are also available...providing 445 feet along the river, which would be great for redevelopment. Call for more details.
    Exterior Features

    Construction Materials Concrete Block ConstructionCbs Construction Parking Features CommonFree ParkingGuest Parking Total 10 Pool Private YN No Roof Composition Roll Waterfront Features Canal Front Waterfront YN Yes

    Interior Features

    Building Area Total 4440 Building Features Balconies Cooling Wall/Window Unit(S) Flooring Concrete Stories Total 2

    Property Features

    Association YN No Business Type Hotel/MotelCommercial/Residential Income Cooling YN Yes Documents Available Aerial Photo(S)Owner ManagedPhotos Electric 110 Volts PowerSeparate Meters Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes Listing Terms All CashConventional/Refinance New Construction YN No Property Sub Type Hotel/Motel Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 7892 Tax Year 2018 Year Built Details Resale

    Listing courtesy of Capital Commercial R.E. Group.


    Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2019, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2019-10-23T07:41:44.53.
     
    RE/MAX Presidential Real Estate Group
    701 Promenade Drive, Suite 230
    Pembroke Pines FL, 33026