Commercial Sale · Hotel/Motel
1335 Drexel Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active213 days on marketListed Jan 14, 2026MLS #A11933913
About this property
The property at a glance
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!
5,360
Building sq ft
$830
Price / sq ft
5,000
Lot sq ft
1939
Year built
1
Building
6400
Zoning
Hotel/Motel
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$22,538/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Julian to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
23,083
Population
$70,404
Median income
41
Median age
2
Avg household
$377,608
Median home value
$1,724/mo
Median rent
1,591
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Recent sales
What actually sold near 1335 Drexel Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$8,367,676
310 Meridian Ave, Miami Beach FL 33139
Sold Jun 2, 2025
$1,855,000
841 W 40th St, Miami Beach FL 33140
Sold Nov 21, 2025
$46
410 W 41st St # 403, Miami Beach FL 33140
Sold Oct 1, 2025
Your team
The pros in your corner
Your agent
Julian Rivera
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1335 Drexel Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1335 Drexel Ave.
See it in person
Schedule a tour
Live availability from Julian's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Douglas Elliman · Marion Ott. MLS #A11933913.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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