7320 Byron Ave,Miami Beach, FL 33141
Miami Beach, FL 33141
Description
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance. There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
Details
| MLS # | A12003848 |
|---|---|
| Listing Type | For Sale |
| Style | Hotelmotel |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 136 |
| Listing Provided By | Gary Hennes Realtors | Luca Migliore |
Features
| SQ Feet | 9,127 |
|---|---|
| Zoning | 3900 |
| Acreage | 7500.00 |
Taxes
| Tax Annual Amount | 40845 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 32 |
| Listing VS Median (in 33141) | |
Price: $4,590,000 low | high Med: $55,000 sqft: 9,127 low | high Med: 6,816 $ / sqft: $503 low | high Med: $8 On site: 136 low | high Med: 22 | |
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33141 |
| Area | 32 |
| Listing VS Median (in 33141) | |
Price: $4,590,000 low | high Med: $55,000 sqft: 9,127 low | high Med: 6,816 $ / sqft: $503 low | high Med: $8 On site: 136 low | high Med: 22 | |
