BreakThru Realty

7320 Byron Avenue, Miami Beach, FL 33141

$4,590,000 · $503 per sq ft · Hotel/Motel for sale

  • Property type: Hotel/Motel
  • Asking price: $4,590,000
  • Price per sq ft: $503
  • Building size: 9,127 sq ft
  • Lot size: 7,405 sq ft
  • Zoning: 3900
  • Year built: 1941
  • Units: 3
  • Net operating income: $390,000/yr
  • Cap rate: 8.5%
  • Tenant pays: HVAC Maintenance, Maintenance
  • Parcel ID: 0232020030810
  • MLS#: A12003848
Photo 1 at 7320 Byron Avenue, Miami BeachPhoto 2 at 7320 Byron Avenue, Miami BeachPhoto 3 at 7320 Byron Avenue, Miami BeachPhoto 4 at 7320 Byron Avenue, Miami BeachPhoto 5 at 7320 Byron Avenue, Miami BeachPhoto 6 at 7320 Byron Avenue, Miami BeachPhoto 7 at 7320 Byron Avenue, Miami BeachPhoto 8 at 7320 Byron Avenue, Miami Beach

About this property

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.

Rent Roll

Unit typeUnitsBeds / bathsSizeRent per unitPro forma
1 Bedroom91 / ————
2 Bedroom22 / ————
Efficiency5————

16 units.

Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.

Operating Statement

Gross scheduled income$700,000/yr
Property taxes$40,845/yr
Net operating income$390,000/yr
Cap rate at asking price8.5%

Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

Gary Hennes Realtors · Ghmiami@gmail.com · Listing agent: Luca Migliore

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 7320 Byron Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 7320 Byron Avenue

How much is 7320 Byron Avenue?
7320 Byron Avenue is listed at $4,590,000, about $503 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 the cap rate on 7320 Byron Avenue?
The listing reports net operating income of $390,000 a year, a cap rate of about 8.5% at the $4,590,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
What is 7320 Byron Avenue 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 7320 Byron Avenue?
The listing reports 9,127 square feet of building.
When was 7320 Byron Avenue built?
7320 Byron Avenue was built in 1941. 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.
What are the property taxes on 7320 Byron Avenue?
The listing reports annual property taxes of $40,845 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
How do I tour 7320 Byron Avenue?
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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