For Sale
1680 James Ave, Miami Beach, Florida 33139
$21,900,000
Discover an unparalleled investment opportunity with the historic James Hotel in Miami Beach, a gem in the heart of a world-class destination.This Art Deco hotel is perfectly situated just steps from the stunning Ocean Drive and the renowned shopping of Lincoln Road. Each of the 47 renovated rooms is thoughtfully equipped with modern amenities, microwave, and refrigerator. The hotel's vibrant atmosphere offers a unique charm that sets it apart. A rare find in Miami Beach, the property boasts a spacious parking area for guests. With a FAR of 2.75 developers have an exceptional chance to expand on this prime site. The investment potential is underscored by a solid cap rate of 6.33 Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects
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Details
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Property Type: Commercial
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Property SubType: Hotel/motel
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Listing Type: For Sale
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Listing ID: A11597655
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Price: $21,900,000
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View: Intercoastal,ocean,pool
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Bedrooms: 0
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Bathrooms: 0
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Half Bathrooms: 0
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Square Footage: 0 Sqft
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Year Built: 1939
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Status: Active
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Original Property Type: Commercial Sale
Features
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Cooling System : Central Air
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Roof Deck : Other
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Flooring : Tile, Terrazzo
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Parking : Guest, Free Parking, Common
Location
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Country US
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State FL
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County Miami-Dade
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City Miami Beach
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Zipcode 33139
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Neighborhood: Miami Beach
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Street: James Ave
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Street Number: 1680
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Floor Number: 0
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Longitude: W81° 52' 8.1''
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Latitude: N25° 47' 31.1''
Additional Info
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Stories: 3
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UnBranded Virtual Tour: https://www.propertypanorama.com/instaview/mia/A11597655
