205 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33139- South Pointe
$18,900,000 USD
786-253-3949
205 Collins Ave, Miami Beach, FL for Sale
$18,900,000 USD
Hospitality - FOR SALE
1/39
null | 5.82% Cap Rate

205 Collins Ave
Miami Beach, FL 33139
South Pointe


HIGHLIGHTS

  • One Block from The Ocean and Surrounded by the Best Retail and Resturants in Miami Beach

OVERVIEW

Great Opportunity to own a piece of the Best Real Estate in Miami Beach. Located just one Block from the Ocean and Surrounded by the Best Restaurants and the most expensive Residential Real Estate in Miami Beach. The hotel is a running business with 27 Keys and a Lobby Cafe. The hotel just passed the 40-year re-certification and has a brand-new roof and outside concrete restoration. The hotel is very well run and has more money to make. All units have a full Kitchen including dishwashers, this is rare for a hotel. The hotel also holds a active Liquor License and this is also very rare for the area as there are no more licenses to give. Call Listing agent. Price is negotiable and seller is motivated to sell to the right Group. The downstairs can also be converted into a full high end Restaurant as there are no more spaced available in South of Fifth. Be part of something spectacular and show to your best client.

FOR SALE DETAILS

PRICE

$18,900,000 USD

PRICE/SF

$1,223 USD /SF

# OF ROOMS

27

PRICE/ROOM

$700,000 {currency}

CAP RATE

5.82%

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Blanc Kara

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

3003

APN/PARCEL ID

02-4203-003-0370

ASK ABOUT THIS PROPERTY

Roland OrtizOne Sotheby's International RealtyMore Info
786-253-3949

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Roland OrtizOne Sotheby's International RealtyMore Info
786-253-3949

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