$8,990,000
393 days
For Sale
•
0 BEDS
•
0 BATHS
•
1,634 SQFT
Overview
LAND OF 17,250 SQ. FT. IS BEING SOLD TO BUILD A NEW HOTEL OR CONDO. CURRENTLY OPERATING FOR OVER 8 YEARS IS BIKINI HOSTEL, CAFE & BEER GARDEN. A PROFITABLE 11,200 SQ. FT. HOSTEL HOTEL WITH 35 ROOMS, OVER 200 BEDS, RESTAURANT / BAR WITH 188 CAPACITY, 90 FOOD SERVICE SEATS AND A 5AM ALCOHOL LICENSE. KEEP AS IS OR DEMOLISH & DEVELOP THE LAST GROUND UP OPPORTUNITY ALLOWED OF A NEW HOTEL OR CONDO-HOTEL ON WEST AVE. RECENT ORDINANCE RESTRICTS ANY OTHERS FROM DEVELOPMENT IN THE FUTURE. PRIOR PLANS HAD DESIGN REVIEW BOARD, VARIANCE, & ENTITLEMENT APPROVALS FOR: UP TO 6 STORIES, 34,500 SQ. FT, 66 ROOMS WITH RETAIL, RESTAURANT/LOUNGE TO 5:00AM ALCOHOL LICENSE, VENUE SPACE FOR SPECIAL EVENTS & ROOFTOP POOL & CABANAS OR BUILD 61 ROOMS WITH EVERYTHING PREVIOUSLY MENTIONED PLUS AN INDOOR NIGHT CLUB/BAR.
Facts and features
Type:
Land/Boat Docks
Year Built:
No Data
Heating:
No Data
Cooling:
No Data
Parking:
No Data
Lot:
0.33
Price/sqft:
$5,502
Estimate
$1,342,100
Estimated sales range: $1,186,100 - $1,527,400
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