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335 - 347 Washington Avenue - St. Augustine Hotel, Miami Beach, FL

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335 - 347 Washington Avenue - St. Augustine Hotel

Miami Beach, FL 33139-6906 - Miami Beach Submarket


Property Type:Hospitality Number of Rooms:24 Status:Existing Year Built:1922
Stories:2 Building Size:11,140 SF Land Area:.3 AC (12,998 SF)
For Sale Price:$13,900,000 Price/Room:$579,167 Cap Rate:-

Parking:.44 Parking Spaces / 1,000 SF



Property Description: Hotel



Sale Notes:
SOUTH BEACH HOTEL plus adjoining lot with approved plans for development. Renovated Art Deco boutique hotel with lobby café and 24 spa suites boasting steam showers with multi-jet massage systems. Proposed plans will increase the room count to 41 keys with a 44-seat restaurant, parking, and a rooftop swimming pool and sundeck. Income-producing property with amazing upside in sought-after South of Fifth, 2 blocks to the ocean, and steps from new, multimillion dollar developments. Exciting opportunity! Won' t last!
Sought-after South of Fifth, 2 blocks to the ocean, and steps from new, multimillion dollar developments.

One Sotheby's International
Susan Gale
(305) 538-9711




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