1335 Drexel Ave ,Hotel Non-waterfront for Sale & Rent

1335 Drexel Ave for Sale & Rent

Price $4,950,000.00

• Lot size 5360
• Year Build 1939
• Waterfront
• Zip 33139
• Style
• Parking Description
• Pool Yes
• Status Active

Description

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4

Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!

City:Miami Beach,Zoning:6400,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Flooring:1:Wood,Latitude:25.7848552,Cooling Y N:1,List Price:4950000,Listing Id:A11933913,Longitude:-80.1326629,Mls Status:Active,Year Built:1939,Postal Code:33139,Street Name:Drexel Ave,Coordinates:1:25.7848552,Photos Count:24,Listing Terms:1:Owner Will Carry,Lot Size Units:Square Feet,M I A M I R E_ Area:32,On Market Date:2026-01-14,Parcel Number:02-32-34-011-0070,Property Type:Commercial Sale,Stories Total:2,Street Number:1335,Public Remarks:Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!,Structure Type:1:Hotel,County Or Parish:Miami-Dade County,Expiration Date:2026-11-19,List Office Name:Douglas Elliman,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:8121,Property Sub Type:Hotel/Motel,State Or Province:FL,Tax Annual Amount:28411,Unparsed Address:1335 Drexel Ave, Miami Beach FL 33139,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:5360,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:5000,M I A M I R E_ Flood Zone:AE,M I A M I R E_ Num Floors:2,Number Of Buildings:1,Original List Price:4950000,Public Survey Range:32,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!,Listing Contract Date:2026-01-14,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Call Listing Agent,Street Number Numeric:1335,Tax Legal Description:H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4,M I A M I R E_ Current Price:4950000,Public Survey Township:32,M I A M I R E_ Municipal Code:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:8-unit multifamily property in a prime South Beach location, only two blocks from the beach, potential for hotel use or short-term rentals!,M I A M I R E_ Parcel Number M L X:0070,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.78485$-80.132674$264.13$13.33$1.00$CAoSF0NJSE0wb2dLRUlDQWdJQ0U3X0NacGdF,Contract Status Change Date:2026-01-14,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:11,M I A M I R E_ Agent Alternate Phone:305-915-4854,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1335 Drexel Ave,Internet Automated Valuation Display Y N:1,