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Approved 120 Key Hotel | Miami Beach
Miami Beach, FL City Center

$16,500,000 USD

Land For Sale  •  0.42 AC

2 Properties View all

Property Details

  • Property Type Land
60 Transit Score
80 Walk Score

Highlights

Premier Location – Prime corner location in the Collins Park Cultural District, close to the Miami Beach Convention Center, and luxury hotels
Development Opportunity – Fully entitled development site with approved plans for a 120-room boutique hotel; or build 58 condo units, steps from beach
Excess FAR – The property benefits from excess FAR allowing for a total of 49,440 buildable square feet
Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year
Flexible Zoning – CD-3 zoning allows for hospitality, residential, retail, restaurant, mixed-use, and more.
High Barrier to Entry – Miami Beach remains one of South Florida’s most supply-constrained real estate markets due to limited supply of vacant land

Public Transportation

Commuter RailDriveWalkDistance
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 14 min - 4.8 mi
14 min - 4.9 mi
AirportDriveWalkDistance
Miami International 30 min - 14.7 mi
Fort Lauderdale/Hollywood International 40 min - 26.5 mi
Susan Gale 305-695-4253 One Sotheby's International
Susan Gale 305-695-4253 One Sotheby's International