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Willard Edge Hotel

124 NE 14th St,
FL, 33132, United States
For Sale
Retail
  • 609
  • 0

Description

Asking Price:                      $5,400,00
$/Room:                             $92,308
Address:                             124 NE 14th St, Miami, FL
Room:                                 74
Bathroom:                          3
Beds:                                   130
Building Area:                    10,301 Sq. Ft.
Lot Size:                              0.1366
Built:                                    1923
Zoning:                                T6-24-O
Current Condition:            Uninhabitable

Opportunity Highlights

  • One of a kind asset
  • Limited competition
  • Large target audience
  • Numerous demand drivers
  • High margin business platform
  • Local and federal tax credits available
  • Under 12 month construction time
  • Potential to lease adjacent parcels
  • Gentrifying area

Suggested Repositioning

  • Convert to Pod/Micro Hotel
  • Fully renovate all rooms, corridors, and lobby with a chic industrial design
  • All new safety systems
  • F&B will consist of a coffee and pastry cafe
  • Maintain current footprint
  • 130 beds
  • Communal restrooms/showers
  • Add three ADA rooms on 1st floor
  • Independantly branding affiliation

For more information, please sign the appropriate agreement below