Introducing PARK AVENUE HOTEL: A Premier Boutique Development Opportunity in Miami Beach, located in the heart of Miami Beach, just steps away from the world-renowned Miami Beach Convention Center. BROWN HARRIS STEVENS, the exclusive listing broker, is pleased to present this remarkable 0.51-acre property for sale, offering a unique combination of existing improvements and development rights to a single buyer. Strategically situated in a prime location with mixed-use zoning, PARK AVENUE HOTEL presents an ideal canvas for a high-end boutique hotel development. The property's exceptional positioning ensures unparalleled exposure and proximity to Miami Beach's vibrant attractions, cultural landmarks, and stunning beaches. Currently, the existing structure comprises a multifamily apartment building, boasting 32 short-term rental units. This configuration provides the new owner with a valuable advantage—an in-place income stream during the construction start ramp-up period. Benefit from immediate returns while envisioning and crafting the ultimate luxury experience at PARK AVENUE HOTEL. The site will be delivered with City of Miami Beach Historical Board approvals. Additionally, the sale will include an Architectural CD Set for the planned five-story boutique hotel, featuring 116 luxurious doors. With a generous gross area totaling 61,047.50 square feet, this development promises ample space for elegant accommodations, refined amenities, and sophisticated guest experiences. PARK AVENUE HOTEL's distinctive appeal lies not only in its potential as a thriving hospitality destination but also in its seamless integration with the vibrant Miami Beach community. With its proximity to the Convention Center, guests will enjoy easy access to world-class events, trade shows, and exhibitions, ensuring a constant flow of visitors year-round. Don't miss this rare opportunity to acquire a premier boutique hotel development in Miami Beach. Contact BROWN HARRIS STEVENS, the exclusive listing broker, today to seize this remarkable investment prospect and shape the future of hospitality in one of the world's most sought-after destinations.