$4,900,000
n/a
n/a
n/a
Hotel/Motel, Commercial Sale
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, with an outstanding 9.8 score on Booking.com, a 5.0 rating on Google and approximately 4.92 on Airbnb across more than 4,000 reviews. 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 Tto 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 1 day. 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.
