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Hacienda Motel 9101 Biscayne Blvd

39 Room Hotel Miami, FL 33138 $9,141,600 CAD ($234,400 CAD/Room)

Investment Highlights

  • Easy access to major transportation arteries
  • Within minutes from Miami Beach, The MIMO District, North Miami, Wynwood, Edgewater, Midtown and The Design District

Executive Summary

Compelling investment opportunity to acquire La Hacienda Motel, featuring 39 rooms in the vibrant city of Miami Shores. This exclusive offering allows investors a unique entry into Miami’s thriving tourism industry. With its strategic location on Biscayne Blvd, the motel presents significant income growth potential through guest room renovations and optimized pricing strategies. The property is located in the heart of Miami Shores, renowned for its prime location and convenient access to the Biscayne Boulevard corridor. Recently, this attractive neighborhood has become one of Miami’s most desirable areas to live and visit, given its proximity and access to the Miami Shores Country Club, restaurants, bars, cafes, shopping malls, and boutiques. Additionally, the property provides users with easy access to major transportation arteries. It is minutes from Miami Beach, the MIMO district, North Miami, Wynwood, Edgewater, Midtown, and The Design District.

Property Facts

Price $9,141,600 CAD
Price Per Room $234,400 CAD
Sale Type Investment
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 0.92 AC
Building Size 13,209 SF
No. Rooms 39
No. Stories 2
Year Built 1952
Tenancy Single
Parking Ratio 3.18/1,000 SF
Corridor Exterior

Amenities

  • Balcony
  • High Speed Internet Access
  • Patio
  • Destination Resort
  • Public Access Wifi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 39 $119.54 CAD -
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
11-3206-009-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$4,727,005 CAD

zoning

Zoning Code A2-MULTI-FAMILY AND HOTEL (A2-Multifamily & Hotel)
A2-MULTI-FAMILY AND HOTEL (A2-Multifamily & Hotel)
  • Listing ID: 31430750

  • Date on Market: 2024-04-05

  • Last Updated:

  • Address: 9101 Biscayne Blvd, Miami, FL 33138

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