Parking Garage

Investment Overview

This parking garage is in the heart of South Beach in Miami Beach along West Avenue.  Walking distance to Collins Avenue and the beach, and Lincoln Road and all its shopping.  Along the way to either, you have all the other main streets, major restaurants and bars that fill the bustling area.  The parking garage is situated on the ground floor of a boutique hotel.  The parking received the right become public parking from the City or Miami Beach.  With parking in high demand on the beach, this is an opportunity to capture the parking market in South Beach.  The sale includes all the lifts already in place on two floors.  Being in the heart and along a quite street, this is an opportunity to have a luxury service with a shuttle to and from the area to enhance the parking experience.

Area Overview

0.4 miles from the two southern bridges crossing to the mainland.  Walking distance to South Pointe Park, the beaches, Lincoln Road, shopping, restaurants, and bars.

Highlights

• Located at the entrance to South Beach
• Waling distance to the beach, all the local  restaurants and bars,  Lincoln Road and shopping
• Positioned to service the locals and high tourism
• 12 million tourist annually
• 40 thousand residents within 1 mile radius
• Daily rates in excess of $100/day
• Opportunity for luxury concierge service with shuttle service around the local area