Basic Information

  • MLS # A10725095
  • Type Hotel
  • Status Sold
  • Subdivision/Complex
  • Year Built 1952
  • Total Sqft 10,299
  • Date Closed 01/22/2021
  • Days on Market 524
Description

IMMACULATE 21 UNIT HOTEL IN THE HEART OF NORTH BEACH. UNBEATABLE LOCATION ONE BLOCK AWAY FROM THE BEACH, VERY WELL MAINTAINED. BUILDING HAS 4 1BED/1BATH UNITS, 9 REGULAR 1 BED UNITS, AND 8 HOTEL ROOMS. THE SORRENTO VILLAS IS CURRENTLY OPERATING BELOW COMPETITIVE SET ADR AND OCCUPANCY. THE HOTEL WILL BE OFFERED UNENCUMBERED MY MANAGEMENT, ALLOWING A NEW OPERATOR TO EMPLOY MORE AGGRESSIVE SALES, MARKETING AND REVENUE MANAGEMENT TECHNIQUES. THE SORRENTO VILLAS PRESENT AN INVESTOR WITH THE OPPORTUNITY TO ACQUIRE AN ASSET IN A HIGHLY DESIRABLE REGION, FOR A PRICE WELL BELOW REPLACEMENT COST.

Exterior Features

  • Waterfront No
  • Pool No
  • Parking Spaces 0
  • Parking Description
  • Style Hotel Motel

Interior Features

  • Adjusted Sqft 10,299
  • Sqft 10,299

Property Features

  • Aprox. Lot Size 11,000
  • Furnished Info No
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $30,344
  • Tax Information ALTOS DEL MAR NO 3 PB 8-41 LOTS 4 & 5 LESS E2.5FT BLK 12 LOT SIZE 100.000 X 110 OR 18678-2983 0699 1
  • Tax Year 0
  • Type of Property Hotel Motel

7510 Harding Ave

Miami Beach, FL 33141

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