BreakThru Realty

660 85th Street, Miami Beach, FL 33141

$3,700,000 · $276 per sq ft · Hotel/Motel for sale

  • Property type: Hotel/Motel
  • Asking price: $3,700,000
  • Price per sq ft: $276
  • Building size: 13,400 sq ft
  • Lot size: 6,098 sq ft
  • Zoning: 3900
  • Year built: 1989
  • Parcel ID: 0232020081890
  • MLS#: A12001732
Photo 1 at 660 85th Street, Miami BeachPhoto 2 at 660 85th Street, Miami Beach

About this property

PLEASE SEE OM FOR MORE DETAILS!! 660 85th Street presents a rare opportunity to acquire a 12-unit boutique multifamily asset in the highly desirable Biscayne Point / North Beach submarket of Miami Beach. This four-story Art Deco-style building offers covered gated parking, elevator service, central AC, and private balconies—premium amenities rarely found in comparable North Beach boutique assets. Currently 83% occupied, the property includes two vacant units that provide immediate lease-up upside at market rents. Existing in-place rents remain approximately 30–40% below market, allowing a new owner to drive strong organic NOI growth through natural lease rollover without major capital improvements. Current gross income is approximately $242,700 annually, with stabilized upside projected near $288,300 and estimated NOI around $167,174. Located just blocks from the Atlantic Ocean, North Beach Oceanside Park, Ocean Terrace redevelopment, Bal Harbour Shops, and major retail amenities, the asset benefits from one of Miami Beach’s most supply-constrained rental micro-markets. Also available as part of a multi-property acquisition with 709 83rd Street, this offering provides added scale and portfolio synergies for investors seeking expanded North Beach exposure.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Beachfront Realty Inc · beachfrontnews@beachfrontonline.com · Listing agent: Marilina R Apfelbaum

BeachesMLS logo All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. 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 BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.

Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 660 85th Street or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 660 85th Street

How much is 660 85th Street?
660 85th Street is listed at $3,700,000, about $276 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 660 85th Street zoned?
The listing reports zoning of 3900. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 660 85th Street?
The listing reports 13,400 square feet of building.
When was 660 85th Street built?
660 85th Street was built in 1989. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 660 85th Street?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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