$4,450,000

1335 Drexel Ave, Miami Beach FL 33139

Hotel/Motel
Built in 1939
5,000 Square Feet lot
91 days on market

About this property

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!

Property Details

Exterior

  • Waterfront: No

Interior

  • Building Area Total: 5360
  • Cooling Type: Wall/Window Unit(s)
  • Flooring: Carpet | Wood
  • Stories: 2

Location

  • City: Miami Beach
  • County: Miami-Dade County
  • State: FL
  • Zoning: 6400

Construction

  • New Construction: No
  • Water Source: Public

Public Info

  • Lot Size: 5,000 Square Feet
  • Year Built: 1939
  • APN: 02-32-34-011-0070

Tax Information

  • Annual Tax Amount: $28,411
  • Tax Year: 2024

Price History

4/15/2026 Listed for Sale
Source: Miami REALTORS®
$4,450,000

Walk Score

Walk Score
98
Walk Score®
Walker's Paradise
Transit Score
57
Transit Score®
Good Transit
Full Walk Score
Bike Score
77
Bike Score®
Very Bikeable
Kevin McCarthy
Kevin McCarthy
RACVantage Managing Broker | Commercial Real Estate Advisor






    By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.






      By proceeding, you consent to receive calls and texts at the number you provided, including marketing by autodialer and prerecorded and artificial voice, and email, from miamiforward.com and about your inquiry and other home-related matters, but not as a condition of any purchase.