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Up Midtown Hotel 3530 Biscayne Blvd 32 Room Hotel Miami, FL 33137 $9,800,000 ($306,250/Room)
Investment Highlights
- Steps to Design District, Wynwood, Midtown Miami & Edgewater:
- Nearby High-Tech Companies & Class A Office
- Minutes to major highways I-195 & I-95
Executive Summary
• Prime Corner with Frontage on Biscayne Boulevard
• Extremely High Visibility
• High daily traffic counts
• Very well Maintained Building and Guest Rooms
• Currently operated as "Up Midtown Hotel" with 32 guestrooms
o Double Room King Bed: 13
o Double Room 2 Queen Beds: 19
o Roof is 5 Years Old
o 40 Year Certification Completed 2025
• Ideal for Conversion to Boutique Hotel
• On-Sight Parking (25 Spaces)
• Private Garden Oasis
• Perfect for Short Term Rental-Hotel Hybrid
• Located in Opportunity Zone (Lower Capital Tax on Exit)
• Extremely High Visibility
• High daily traffic counts
• Very well Maintained Building and Guest Rooms
• Currently operated as "Up Midtown Hotel" with 32 guestrooms
o Double Room King Bed: 13
o Double Room 2 Queen Beds: 19
o Roof is 5 Years Old
o 40 Year Certification Completed 2025
• Ideal for Conversion to Boutique Hotel
• On-Sight Parking (25 Spaces)
• Private Garden Oasis
• Perfect for Short Term Rental-Hotel Hybrid
• Located in Opportunity Zone (Lower Capital Tax on Exit)
Property Facts
| Price | $9,800,000 | Building Size | 11,608 SF |
| Price Per Room | $306,250 | No. Rooms | 32 |
| Sale Type | Investment | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1957/2024 |
| Property Subtype | Hotel | Parking Ratio | 2.15/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.33 AC | Opportunity Zone |
Yes
|
| Zoning | T6-36a-O - High Density with Uses: Retail, Office, Restaurant, Entertainment, Mixed-Use Development o 150 Units per AC (50 Units) o Bonus 40% (70 Units) | ||
| Price | $9,800,000 |
| Price Per Room | $306,250 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 11,608 SF |
| No. Rooms | 32 |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2024 |
| Parking Ratio | 2.15/1,000 SF |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Zoning | T6-36a-O - High Density with Uses: Retail, Office, Restaurant, Entertainment, Mixed-Use Development o 150 Units per AC (50 Units) o Bonus 40% (70 Units) |
Amenities
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
- Smoke Detector
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 32 | $110.00 | - |
Very walkable
80/100
Moderately drivable
60/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-3230-005-0090 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,780,374 |
Property Taxes
Parcel Number
01-3230-005-0090
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,780,374
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Up Midtown Hotel | 3530 Biscayne Blvd
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