6881 Indian Creek Dr, Miami Beach FL 33141 6881 Indian Creek Dr, Miami Beach FL 33141 6881 Indian Creek Dr, Miami Beach FL 33141 6881 Indian Creek Dr, Miami Beach FL 33141 6881 Indian Creek Dr, Miami Beach FL 33141 6881 Indian Creek Dr, Miami Beach FL 33141
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$5,195,000
178 days
For Sale • 0 BEDS • 0 BATHS • 0 SQFT

Overview

6881 Indian Creek was originally constructed in 1939 and consists of 30 one studio apartments averaging 284 square feet each. The property is situated on a 0.27-acre lot and has pre- approved zoning along with plans to operate as a select-service hotel. With zoning already approved by the City of Miami Beach, 6881 Indian Creek is an ideal location for an investor looking to get into the profitable short-term rental business in a booming market. With the completion of the newly renovated Miami Beach convention center along with the North Beach Town Center, an investor can easily achieve an ADR of $115 a room once converted to short-term rentals.

Facts and features

Type:
Commercial Sale
Year Built:
1939
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
No Data
Price/sqft:
No Data

Estimate

$163,100
Estimated sales range: $147,700 - $173,300

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2021-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Riviera Horizons LLC