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498 NE 78th St, Miami, FL 33138
$5,500,000
498 NE 78th St, Miami, FL 33138View this property at 498 NE 78th St, Miami, FL 33138
498 NE 78th StMiamiFL33138
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Property Description
Little River RiverFront Hospitality/FoodBev/Development Site. The River Hotel offering is composed of two buildings with Hotel license, a total of 19 units, these garden style buildings are located in the Upper Eastside neighborhood of Miami. The property is ideally situated one block south of NE 79th Street and one block west of Biscayne Boulevard (US-1) on a secluded, waterfront street with major development all around it. The property has secured parking right in front of the Hotel. The River Hotel was built in 1939/1945 and is situated on a .45- acre waterfront lot. The buildings are made up of 19 studio units with approximately 500 SF. One of the two buildings have updated electric and new roof.
Full Property Details
Full Property Details for 498 NE 78th St
General
- Sold For: $5,500,000
- Taxes: $9,490
- Status: Closed
- Type: Commercial Multi-Family
- MLS ID: A11240801
- Added to Site: 682 day(s) ago
Business
- Business Type: Hotel/Motel, Commercial/Residential Income
Location
- County: Miami-Dade County
Structural Information
- Detached/Attached: Detached
- Building Size: 9500
- Year Built: 1939
Lot Features
- Lot Size (Sq. Ft.): 19,500
- Potential Use: Investment
- Zoning: 3900
Financial Considerations
- Tax Amount: $9,490
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: 7 53 42 FEDERAL WAY AMD PB 25-6 LOT 8 & LOT 7 LESS NWLY50FT BLK 3 LOT SIZE 12803 SQUARE FEET OR 16369-2583 0594 1 COC 25792-3703 06 2007 1
- Property ID: 01-32-07-040-0180
Listed by Fausto Commercial Realty Consultants Inc
Sold by Fausto Commercial Realty Consultants Inc
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Schools
Schools serving 498 NE 78th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
514 Nw 77th St, Miami, FL 33150 | PK-5 | 1.2 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 26.4 mi | |
8950 Nw 2nd Ave, El Portal, FL 33150 | 6-8 | 1.2 mi | |
6161 Nw 5th Ct, Miami, FL 33127 | 9-12 | 1.5 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 21.3 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 498 NE 78th St
Date
Details
Price
Change
Source
5/07/2024
Sold
$5,500,000
—
MLS
7/13/2022
Listed
$5,500,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
498 NE 78th St, Miami, FL 33138 (MLS# A11240801) is a Commercial Multi-Family property that was sold at $5,500,000 on May 07, 2024. Want to learn more about 498 NE 78th St? Do you have questions about finding other Commercial Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.