Plaza Hotel 418 426 Meridian Ave – South Beach Located SW Corner of 5 th st and Meridian Ave Miami Beach, Fl. 33141 Property consists of 2 adjacent parcels improved with a rooming house and 2 apartment buildings. Properties are zoned commercial mixed use. The #426 building has historical classifications and the facades would need to be maintained or replicated. The property was approved by the City for a hotel as shown in the enclosed renderings and plans. The property can be converted to retail, hotel, residential or office or any combination 418 Meridian Ave Built 1953 Land Size: 50 x 140 = 7000 sf Bldg Size: 1 story bldg. – 2302 sf 5 1/1 bath units of 400 sf each – each unit pays $600 /month 2 story bldg. 2045 sf 1 1/1 bath 5 studio apartments 426 Meridian Ave (completely vacant and boarded) Built 1925 Land Size: 50 x 140 = 7000 sf Bldg Size: 3 story bldg. 16563 approximate 215 sf per unit 76 units – Hotel Rooms with only a sink and common area bathrooms on each floor his / hers with toilet rooms and showers. Property has 3 stairwells, front , rear and center. 1 st floor – 20 units 2 nd floor – 27 units 3 rd floor 29 units Total Land Size: 14,000 sf 100x140 – 140 feet on 5 th st Total Bldg Size: 20,910
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Plaza Hotel 418 -‐426 Meridian Ave – South Beach Located SW Corner of 5th st and Meridian Ave Miami Beach, Fl. 33141 Property consists of 2 adjacent parcels improved with a rooming house and 2 apartment buildings. Properties are zoned commercial mixed use. The #426 building has historical classifications and the facades would need to be maintained or replicated. The property was approved by the City for a hotel as shown in the enclosed renderings and plans. The property can be converted to retail, hotel, residential or office or any combination 418 Meridian Ave Built 1953 Land Size: 50 x 140 = 7000 sf Bldg Size: 1 story bldg. – 2302 sf 5 -‐ 1/1 bath units of 400 sf each – each unit pays $600 /month
2 story bldg. -‐ 2045 sf 1 1/1 bath 5 studio apartments
426 Meridian Ave (completely vacant and boarded) Built 1925 Land Size: 50 x 140 = 7000 sf Bldg Size: 3 story bldg. -‐ 16563 -‐ approximate 215 sf per unit 76 units – Hotel Rooms with only a sink and common area bathrooms on each floor his / hers with toilet rooms and showers. Property has 3 stairwells, front , rear and center. 1st floor – 20 units 2nd floor – 27 units 3rd floor -‐ 29 units
Total Land Size: 14,000 sf 100x140 – 140 feet on 5th st
Total Bldg Size: 20,910
3/24/12 3:18 PMShulman + Associates
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Introduction Improved Commercial Land, 418-426 Meridian Avenue, Miami Beach, FL
Waronker & Rosen, Inc. vvvv Real Estate Appraisers & Consultants Page 15
MIAMI-DADE COUNTY MAP
Introduction Improved Commercial Land, 418-426 Meridian Avenue, Miami Beach, FL
Waronker & Rosen, Inc. vvvv Real Estate Appraisers & Consultants Page 17
AERIAL PHOTOGRAPHS
Introduction Improved Commercial Land, 418-426 Meridian Avenue, Miami Beach, FL
Waronker & Rosen, Inc. vvvv Real Estate Appraisers & Consultants Page 16