$4,950,000

1335 Drexel Ave, Miami Beach, FL 33139

  • 5,360 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1939
  • Property Lot Size Icon4,792sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $924/sqft
  • Property List Date Icon Listed 26 days 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:
February 9, 2026 at 6:06PM
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®

Presented by RE/MAX Excellence

This listing courtesy of Marion Ott , Douglas Elliman

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

Ready to Start a VA Loan?

Get Started Veterans United Home LoansNMLS #1907  †
Get Prequalified »
Interest rates used in the VA mortgage calculator are shown for illustrative purposes only. Your rate may differ based on a variety of factors, including your credit score and the current market conditions. To get your personalized interest rate, start your quote online.

Location

Schools Nearby

F

Fienberg/Fisher K-8 Center

1420 Washington Ave, Miami Beach, FL, 33139

Grades PK-5

0.08 miles away

N

Nautilus Middle School

4301 N Michigan Ave, Miami Beach, FL, 33140

Grades 6-8

2.07 miles away

M

Miami Beach Senior High School

2231 Prairie Ave, Miami Beach, FL, 33139

Grades 9-12

1.02 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

Similar Listing

1028 SW 9th Ave, Miami, FL 33130
Commercial Property

$4,300,000

  • 4,742 sqft |
1028 SW 9th Ave Miami, FL 33130

#A11855466 - Fausto Commercial Realty Consultants Inc