321 Collins Ave

$6,800,000

321 Collins Ave, Miami Beach, FL 33139

Sold

MLS ID: A10337421

  • 1937 BUILT

Property Details

Rare hospitality offering in prime South of Fifth enclave, one block from the ocean in South Beach. This stylish and warm, 8,766 SqFt, two-story, 26 room hostel includes all new flooring, upgraded en-suite bathrooms, on site laundry, over-sized lobby, common area kitchen, freshly painted exterior and recently completed 40 year re-certification. Operating as Jazz on South Beach Hostel, the property currently holds 196 beds with potential capacity to increase to 218 beds. Feasibility study done for 3rd floor addition & new owner can activate lobby with liquor license/ food and beverage. Steps to the best restaurants, nightlife, and retail; this property is central to the fashion, art, and culture that is Miami Beach.

Amenities

Interior

  • FLOORING: Tile

Exterior & Building

  • LOT FEATURES: Beach Access
  • PARKING FEATURES: On Street

Financial Details

  • REAL ESTATE TAXES: $61,280 yearly
  • SALES PRICE: $6,800,000

Work With Us

Joelle Oiknine has been recognized as one of the Top Ten producing agents at ONE Sotheby’s International Realty as well as being named to the Real Trends WSJ Top 100 agents in Miami on multiple occasions.

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