Hotel/Motel in 1335 Drexel Ave Miami Beach for sale with MLS# A11933913
Rare opportunity to acquire an 8-unit multifamily property in a prime South Beach location. Very large 1 bedrooms/ 1 bath who could be easily converted into 12 units. Just a short walk to Collins Avenue, Espanola Way and Lincoln Rd, only two blocks from the beach. The property is a unique investment opportunity with the potential for hotel use or short-term rentals and offering exceptional flexibility for investors. Strong upside potential with the possibility to operate as a hotel or obtain a short-term rental license, making this a compelling income-producing opportunity. All serious offers must be in writing and will be reviewed and responded to promptly!
1335 Drexel Ave, Miami Beach, FL 33139
- Price:
- $4,450,000.00
- Previous Asking Price:
- $4,950,000.00
- Original List Price:
- $4,950,000.00
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Hotel Motel
- MLS Number:
- A11933913
- Description of Last Important Update:
- Price Change
- Last Major Update on:
- March 2, 2026 3:34 pm
- Built-Up Area:
- 5,360 Sqft
- Lot Area:
- 5,000 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Security:
- Fenced
- Air Conditioning
- Air Conditioning System:
- Wall/window Unit(s)
- Year Built:
- 1939
- Year Built Details:
- Resale
- Roof:
- Concrete
- Number of Buildings:
- 1
- Number of Units Total:
- 8
- Levels:
- Two
- Construction Materials:
- Block
- Flooring:
- Carpet, Wood, Hardwood
- Structure Type:
- Hotel Motel
- Stories:
- 2
- Tax Annual Amount:
- $28,411.00
- Tax Year:
- 2024
- Covered Spaces:
- 0
- Water Source:
- Public
- Building Name:
- Miami Beach
- Senior Community:
- No
- Listing Terms Considered by Seller:
- Cash, Owner May Carry (Owner Financing, The Seller may be interested in carrying the mortgage note)
- Occupant Type:
- Call Agent
- Buyer Possession:
- Close Of Escrow
- Tax Legal Description:
- H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 4
- Real Estate Folio Number (Parcel Number):
- 02-32-34-011-0070
- Zoning Description:
- 6400
- Originally published on:
- January 14, 2026 11:39 am
- Active on the market since:
- January 14, 2026
- Price change occurred on:
- March 2, 2026 3:34 pm
- Listing Status Last Changed On:
- January 14, 2026 11:39 am
- Photos updated on:
- January 14, 2026 4:48 pm
- Last Modified:
- April 15, 2026 1:40 pm
- Flood Zone:
- AE
- Municipal Code:
- 2
- Subdivision Number:
- 11
- Courtesy of:
- Douglas Elliman
- Attribution:
- Not provided
- Street Name:
- Drexel Ave
- Street Number:
- 1335
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33139
- County:
- Miami-Dade
- Latitude:
- N25° 47' 5.5''
- Longitude:
- W81° 52' 2.4''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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