575 NE 61st St, Miami, FL 33137
- Licensed hotel situated in the Miami Modern or MiMo district.
- Centrally located within proximity to Midtown Miami, the Design District and North Bay Village.
- Fully furnished rooms with designer finishes.
- All Units have automatic entry systems and central/mini split HVAC.
Property Description
The Porosoff Group at Compass Commercial is pleased to present The Zen Motel , a short-term licensed hotel consisting of 8 rooms located in the heart of the Miami Modern or MiMo district . The property was originally built in 1936 and underwent a full gut rehab in 2017. It sits on a 4,800 square-foot lot and with 2760 square-feet of rentable space.
The Zen Motel is ideally located less than 2 blocks from the Magic City Innovation District, a multibillion-dollar redevelopment site encompassing 18 acres that will have a transformative impact on the immediate area while maintaining the historical ties to the MiMo district and surrounding Little Haiti area.
The Zen Motel offers an investor the opportunity to purchase a short-term rental property that is fully turnkey. Current management has spared no expense in remodeling the building and has created a peaceful, Zen-like environment with tasteful furnishings and decorative items throughout the property. The Zen has automated entry systems and remote management capabilities built in-to the property, giving operators the ability to maximize income on the site by reducing on-site labor costs. This coupled with high occupancy and rates driven by limited short-term rental inventory make this an investment that will only appreciate over time as the capital migration to South Florida continues to accelerate
