7320 Byron Ave, Miami Beach FL 33141
Hotel/Motel in Miami Beach
$4,590,000
Listing courtesy of Gary Hennes Realtors; Luca Migliore. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Hotel/Motel, Commercial Sale
Details
Overview
Description
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance. There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
This hotel/motel home located at 7320 Byron Ave, Miami Beach FL 33141 is currently for sale and has been available on Brickellsold for 129 days. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1941. 7320 Byron Ave, Miami Beach FL 33141 is in Miami Beach county Miami-Dade County.
Interior
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Property
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Construction
- Year Built: 1941
Community & HOA
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Financial
Metadata
Neighborhood Insights
School and crime data are from public sources and are informational only.
Nearby Schools
Within 5 miles
- Biscayne Beach Elementary • 0.0 mi • K-12
- Treasure Island Elementary • 0.0 mi • K-12
- Ruth K. Broad/Bay Harbor K-8 Center • 0.0 mi • K-12
- Miami Beach Nautilus Middle • 0.0 mi • K-12
- North Beach Elementary • 0.0 mi • K-12
- MAST @ FIU Biscayne Bay Campus • 0.0 mi • K-12
Nearby Hospitals
Within 3 miles
No nearby hospitals found.
Crime Overview
Crime data unavailable for this area.
