Overview

The Hotel is in Miami Beach. This Iconic hotel has been part of the Miami Beach waterfront scene since the art deco movement took over the city. It is surrounded by the best beaches of South Florida, great restaurants, leisure spots and the famous bars and nightclubs of Miami Beach. This is a unique opportunity to acquire a piece of history of Miami Beach

 Famous waterfront Miami Beach Hotel on Ocean Drive

  • Steps away from the sand
  • Restaurant located on the ground floor 
  • Strong foot traffic
  • ADT of 20,200
  • Lot measures +- 130′ long and +- 50′ wide
  • Steps away from restaurants, bars, and nightclubs 

Property Type: Hospitality

Investment Type: Net Lease

Square Footage: 16,212

Price/Sq Ft: $1395.34

Cap Rate: 5.16%

NOI: $1,084,607

Keys: 40

Year Renovated: 2019

Stories: 3

PLEASE SEND YOUR INQUIRY TO EMAIL:  wwwbusiness7045@gmail.com FOR MORE DETAILS. THANK YOU. JOHN N. (9/22/19)

 

 

Details

# of Floors
3
Features
  • Interior Corridor
  • Exterior Corridor
  • Mixed Corridor
  • Breakfast Room
  • Restaurant
  • Lounge/Bar
  • Business Center
  • Indoor Pool
  • Indoor Hot Tub
  • Outdoor Pool
  • Outdoor Hot Tub
  • Fitness Center
  • Elevator
  • Guest Laundry
  • Meeting Space
  • Living Quarters

Financial

Posted By
Broker / Agent
Affiliation
Independent
# of Units
40