$4,450,000

1335 Drexel Ave, Miami Beach, FL 33139

5,360 sqft

Commercial Property
Built in 1939
4,792sqft lot
—— car garage
$830/sqft
Listed 4 months ago

Property Description

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!

Listing Status:: Active
Date Added:: January 14, 2026
Data Last Updated:: June 13, 2026 at 12:08AM
Listing Office:: Douglas Elliman : 305-695-6300
Listing Agent:: Marion Ott : 305-915-4854
MLS ID:: A11933913

Flooring: CarpetWood
A/C: Wall/Window Unit(s)

Roofing: Concrete
General: CBS Construction2

Originating MLS: Miami Association of REALTORS®
County: Miami-Dade County

Zoning: 6400H PRATTS RESUB OCEAN BEACH NO 3 PB 6-17 LOT 12 BLK 21 LOT SIZE 50.000 X 100 OR 16411-0124 0694 402-32-34-011-0070
Current Use: Hotel Non-Waterfront

Water: Public

Source: Miami Association of REALTORS®

This listing courtesy of Marion Ott , Douglas Elliman

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Principal & Interest $
Property Taxes $
Home Insurance $
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