Commercial Sale · Hotel/Motel
7320 Byron Ave, Miami Beach FL 33141, MIAMI BEACH, FL, 33141
Active117 days on marketListed Apr 19, 2026MLS #A12003848
About this property
The property at a glance
Byron Avenue Suites represents an exceptional opportunity.The property features 16 fully furnished apartments, including 2 two-bedroom units, 9 one-bedroom units, and 5 studios. Each unit is equipped with a kitchenette (sink, refrigerator, microwave), allowing flexibility for both short-term and extended stays. This diverse unit mix caters to a wide range of travelers, including vacationers, families, and longer-stay guests, supporting consistent occupancy year-round. A key competitive advantage is the property’s grandfathered hotel license. Due to strict zoning and regulatory constraints in Miami Beach, new licenses are extremely limited, creating a strong barrier to entry and protecting long-term asset value. Byron Avenue Suites also benefits from an outstanding guest reputation:The property ranks as the #1 top-reviewed hotel in Miami Beach out of approximately 1,270 hotels. This strong track record supports repeat business, premium pricing, and consistent performance. There is clear upside potential through several strategic initiatives: implementing a direct booking platform to reduce platform fees and capture repeat guests. Additional enhancements, such as on-site laundry and outdoor amenities like a jacuzzi and lounge areas, offer opportunities to further increase revenue and guest satisfaction.
9,127
Building sq ft
$503
Price / sq ft
7,500
Lot sq ft
1941
Year built
3900
Zoning
Hotel/Motel
Property type
The numbers
Investment snapshot
8.5%
Cap rate
$390,000
Net operating income
Estimated payment (illustrative)
Estimated payment
$24,203/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 Kevin 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
13,497
Population
$32,213
Median income
46
Median age
2
Avg household
$316,046
Median home value
$1,748/mo
Median rent
1,027
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.
Seeking peace and well-being through meditation, gratitude and spirituality.
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.
Improving flexibility, strength, and overall well-being is the yogi's aim. This population is looking for the right community, instruction, and accessories.
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.
Recent sales
What actually sold near 7320 Byron Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,855,000
841 W 40th St, Miami Beach FL 33140
Sold Nov 21, 2025
$875,000
6856 Abbott Ave, Miami Beach FL 33141
Sold Sep 19, 2025
$2,200
13499 Biscayne Blvd, North Miami FL 33181
Sold Jul 15, 2025
Your team
The pros in your corner
Your agent
Kevin Johnson
CEO & Managing Broker · CENTURY 21 Edge
Tours, offers, and every question about 7320 Byron Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 7320 Byron Ave.
See it in person
Schedule a tour
Live availability from Kevin's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Gary Hennes Realtors · Luca Migliore. MLS #A12003848.
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®.
Never miss a listing
New MIAMI BEACH listings, in your inbox
A daily digest of every new listing in MIAMI BEACH — straight from the MLS, hours after it goes live. Unsubscribe anytime.