Hotel/Motel in 7320 Byron Ave Miami Beach for sale with MLS# A12003848
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, with an outstanding 9.8 score on Booking.com, a 5.0 rating on Google and approximately 4.92 on Airbnb across more than 4,000 reviews. 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 Tto 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.
7320 Byron Ave, Miami Beach, FL 33141
- Price:
- $4,900,000.00
- Original List Price:
- $4,900,000.00
- Gross Scheduled Income:
- 700000
- Tenant Pays:
- Hvac Maintenance
- Listing Type:
- For Sale
- Status:
- Active
- Listing Category:
- Commercial Sale
- Property Type:
- Hotel Motel
- MLS Number:
- A12003848
- Description of Last Important Update:
- New Listing
- Last Major Update on:
- April 20, 2026 4:09 pm
- Built-Up Area:
- 9,127 Sqft
- Lot Area:
- 7,500 Sqft
- Lot Size Unit:
- Square Feet
- Waterfront:
- No
- Year Built:
- 1941
- Structure Type:
- Hotel Motel
- Road Frontage Type:
- City Street
- Tax Annual Amount:
- $40,845.00
- Tax Year:
- 2025
- Covered Spaces:
- 0
- Senior Community:
- No
- Documents Available:
- Aerial, Ground Photo, Building Plans, Ground Photo
- Disclosures:
- Owner Is Listing Agent
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
- Tax Legal Description:
- HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 1
- Real Estate Folio Number (Parcel Number):
- 02-32-02-003-0810
- Zoning Description:
- 3900
- Originally published on:
- April 20, 2026 4:09 pm
- Active on the market since:
- April 19, 2026
- Price change occurred on:
- April 19, 2026 4:04 pm
- Listing Status Last Changed On:
- April 20, 2026 4:09 pm
- Photos updated on:
- April 20, 2026 8:19 pm
- Last Modified:
- April 21, 2026 11:01 pm
- Flood Zone:
- AE
- Subdivision Number:
- 3
- Courtesy of:
- Gary Hennes Realtors
- Attribution:
- Not provided
- Street Name:
- Byron Ave
- Street Number:
- 7320
- City:
- Miami Beach
- State:
- Florida
- Zip Code:
- 33141
- County:
- Miami-Dade
- Latitude:
- N25° 51' 31.7''
- Longitude:
- W81° 52' 35.1''
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Air Quality
Source: AirNow.gov · Miami
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