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 7.0 Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects.
Property Details
Price:
$19,600,000
MLS #:
A11597655
Status:
Active
Beds:
0
Baths:
0
Address:
1680 E James Ave
Type:
Commercial
Subtype:
Hotel/Motel
City:
Miami Beach
Listed Date:
May 29, 2024
State:
FL
Finished Sq Ft:
20,079
Total Sq Ft:
20,079
ZIP:
33139
Lot Size:
15,000 sqft / 0.34 acres (approx)
Year Built:
1939
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Mortgage Calculator
Schools
Interior
Cooling
Central Building A/ C, Central Individual A/ C
Flooring
Terrazzo, Tile
Exterior
Construction Materials
C B S Construction
Parking Features
Common, Free Parking, Guest
Parking Spots
20
Roof
Other
Security Features
Other Fire Protection, Smoke Alarm, Fire Sprinkler System, Security Fence
Financial
Taxes
$93,673
Map
Community
- Address1680 E James Ave Miami Beach FL
- CityMiami Beach
- CountyMiami-Dade County
- Zip Code33139
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