763 E Pennsylvania Ave, Miami Beach FL 33139

Description

Redevelopment Opportunity when you own control of this Condominium-Hotel (Royal South Beach), with beach access just two blocks away. The offer is to acquire 33 out of 42-total individual units (combined 10,083 square feet), with the potential to also acquire all commercial spaces located on ground level and fully operational (approximately an additional 7,890 square feet). Property licensed for “nightly-rentals” that can be self-managed or rented through existing hotel rental-program. HOA fees are all-inclusive, including 24/7 concierge services (see attachments). All units are fully furnished with equipped kitchenettes. Building passed 40-Yr Recertification, and it is pending the 50-Yr recertification. Review MLS attachments and broker remarks for additional information.

This condominium home located at 763 E Pennsylvania Ave, Miami Beach FL 33139 is currently for sale and has been available on Brickellsold for 8 days. This property is listed at $8M. It has 33 beds, 33 bathrooms, and is 270 square feet. It was built in 1936. 763 E Pennsylvania Ave, Miami Beach FL 33139 is in Miami Beach county Miami-Dade County.