1130 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33139- Flamingo
$16,000,000 USD
305-695-4253
1130 Collins Ave, Miami Beach, FL for Sale
$16,000,000 USD
Hospitality - FOR SALE
1/4
null | Request Cap Rate

1130 Collins Ave
Miami Beach, FL 33139
Flamingo


OVERVIEW

Ocean Reef Suites Boutique Hotel offers 36 spacious guest suites with impact windows and kitchenettes. With 100 feet on Collins Avenue (A1A), the two-story building also has two retail tenants including a restaurant in a prime location one block from Ocean Drive and the beach, and steps from shops, restaurants, and exciting nightlife. The hotel is independently owned and operated and can be purchased with the 42-room Lorraine Hotel located at 2601 Collins Avenue for a total of 78 keys.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$821 USD /SF

# OF ROOMS

36

PRICE/ROOM

$444,444 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ocean Reef Suites

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1949

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

MXE

APN/PARCEL ID

02-3234-008-1110

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.