Description

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

Address

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Address: Drexel Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139

Details

Updated on January 29, 2026 at 8:31 pm

Property ID A11933913
Price $4,950,000
Year Built 1939
Type Hotel/Motel
Property Status Commercial Sale

Additional details

BuildingAreaTotal 5360
BuildingAreaUnits Square Feet
BusinessType Hotel/Motel
ConstructionMaterials CBS Construction
ContractStatusChangeDate 2026-01-14
Cooling Wall/Window Unit(s)
CurrentUse Hotel Non-Waterfront
DaysOnMarket 15
ExpirationDate 2026-11-19
Flooring Carpet, Wood
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 305-915-4854
ListingTerms All Cash, Owner Will Carry
LotSizeSquareFeet 5000
MajorChangeTimestamp January 14, 2026 at 04:39pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp January 29, 2026 at 05:41pm
NumberOfBuildings 1
NumberOfUnitsInCommunity 8
OnMarketDate 2026-01-14
OriginalEntryTimestamp January 14, 2026 at 04:39pm
OriginalListPrice 4950000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 02-32-34-011-0070
PhotosChangeTimestamp January 14, 2026 at 04:44pm
PhotosCount 24
PostalCodePlus4 8121
PriceChangeTimestamp December 21, 2025 at 04:12pm
PublicSurveyRange 32
PublicSurveySection 34
PublicSurveyTownship 32
Roof Concrete
SecurityFeatures Security Fence
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 424543990
SpecialListingConditions Sale
StateOrProvince FL
StatusChangeTimestamp January 14, 2026 at 04:39pm
Stories 2
StoriesTotal 2
StreetName Drexel Ave
StreetNumber 1335
StreetNumberNumeric 1335
StructureType Hotel/Motel, Hotel
SyndicationRemarks Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!
TaxAnnualAmount 28411
TaxLegalDescription H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
TaxYear 2024
WaterSource Public
YearBuiltDetails Resale
Zoning 6400