Commercial investment opportunity! LAND LEASE of a 34-unit apartment building operating as a hotel, located in the heart of the Art Deco district of South Beach and 1 block to the beach. Land lease ends 10/1/2049 (27 years left). The lot is 24,000-SF, zoned RM-2, multifamily. Commercial property with a highly desirable and PRIME South Beach location, close to everything Miami Beach has to offer; 1 block to Lincoln Road, 1 block to the Miami Beach convention center, 1 block to the beach and Collins Ave, surrounded with many restaurants, parks, and recreation centers, easy drive and access to everything.
