$5,500,000 7130 Harding Ave Miami Beach, FL

MLS: A10353782   Type: Commercial   County: Miami-dade   City: Miami Beach   Area: 32   Neighborhood: Hotel Velo Rouge   Zip: 33141   Style: Hotel Non-Waterfront     Stories: 2   Taxes: $21,799

Mortgage $25,822 /mo



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MIAMI BEACH HOTEL with a triple net tenant. The newly renovated Hotel Vela Rouge offers 27 guest rooms, including 4 junior suites, one block from the ocean in popular North Beach. The property was completely renovated in 2016 with all new plumbing and electrical systems, new roof, and impact windows and doors throughout. The building has been re-certified to 2026. Conveniently located one block from Collins Ave (AIA), steps from shops, restaurants and entertainment. TC-1 town center core zoning allows for hotel, retail, restaurant and other commercial uses. The property has been leased to a triple net tenant offering investors a cap rate of over 6%. Flexible buyout clause for an operator.

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Price History

10/11/2017 Listed $5,500,000

Acreage Description 1/4 Acre Or Less
Approximate Lot Size 6250
Area 32
Building Name Number Hotel Velo Rouge
Building Sq Ft 7444
Improvement Height Com 2 Stories
Num Loading Doors 0
Prop Type Typeof Building Hotel/Motel
Property Description Hotel
Property Sq Ft 7444
Property Type Commercial/Industrial
Section 11
Security Security System
Status Active
Styleof Property Hotel Non-Waterfront
Subdivision Complex Bldg Hotel Velo Rouge
Subdivision Number 2
Terms Considered All Cash
Township Range 32
Type of Property Hotel
Year Built 1940
Year Built Description Resale
Zoning Information 6600

Interior Features

Cooling Description Wall/Window Unit Cooling
Electric Service 110 Volts Power
Fire Protection Smoke Detector
Flooring Tile Floors
Heating Description Wall/Window Units
Interior Ceiling Height 0.0000
Offices 0
Unit Count 1
Units 27

Exterior Features

Buidlings 1
Dock Height 0
Door Height Door Ht 0-8'
Flood Zone AE
Lot Frontage 50
Lot Sq Footage 7444
Num Bays 0
Parking Spaces 0
Road Type Description Two Lane
Sewer Description Public Sanitation
Water Description Public Water
Waterfront Property No

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Property vs Zip Code Avg (33141)

Price 5.50M Avg 3.05M

Sqr Feet 7,444 Avg 8,324

Cost / Sqr Ft $739 Avg $367

Taxes $21,799 Avg $25,162

Acres 0.170891 Avg 0.18

Visits 28 Avg 43

Days on Site 346 Avg 252

Walkscore® 95 Avg 72

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Listing Provided Courtesy Of: One Sotheby's International Realty

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Location & Address

Kate Smith
20200 West Dixie Hwy, Suite 604
Aventura, FL