Vagabond Motel goes back on the market after buyer backs out

Another attempt to sell the Vagabond Motel in the Upper Eastside has fallen short: the property is back on the market after an undisclosed buyer backed away from a contract to purchase the motel.

The property listing was put back on the commercial real estate site loopnet.com about three weeks ago with an asking price of $2.29 million, according to Don Philips, a real estate broker who is representing owner David Lin.

Lin has been trying to sell the iconic MiMo motel at 7301 Biscayne Blvd since the beginning of the year. An online auction through the Miami-Dade Clerk of Courts in May also failed to net a buyer. In March, the city boarded up the property to prevent vagrants from breaking in.

This article was produced by Open Media Miami, a community news partner of the Miami Herald. 

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