7320 Byron Ave, Miami Beach FL 33141

Description of 7320 Byron Ave, Miami Beach FL 33141

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.

Property Details for 7320 Byron Ave, Miami Beach FL 33141

Pool Private

No

Building Information for 7320 Byron Ave, Miami Beach FL 33141

Building Area Total

9127

Building Area Units

Square Feet

Association

No

Property Information for 7320 Byron Ave, Miami Beach FL 33141

Lot Size Square Feet

7,500

Waterfront

No

View

No

New Construction

No

Public Records for 7320 Byron Ave, Miami Beach FL 33141

Parcel Number

02-32-02-003-0810

Tax Annual Amount

$40,845

Tax Year

2,025

Tax Legal Description

HARDING TOWNSITE PB 34-4 LOT 5 BLK 7 LOT SIZE 50.000 X 150 OR 20394-4054 0502 1 COC 23571-4766 07 2005 1

Zoning

3900

County Or Parish

Miami-Dade County

Location