2601 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33140- Miami Beach Boardwalk
$14,900,000 USD
305-695-4253
2601 Collins Ave, Miami Beach, FL for Sale
$14,900,000 USD
Hospitality - FOR SALE
1/8
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2601 Collins Ave
Miami Beach, FL 33140
Miami Beach Boardwalk


OVERVIEW

Updated 42-room hotel with 5 retail tenants, steps from the beach walk and ocean at the northern edge of South Beach. Prime corner location between the luxurious 1 Hotel South Beach and the Miami Beach Edition, a few blocks from the exciting Faena District. The 3-story hotel boasts a large lobby, elevator, and spacious guest rooms. The hotel is independently owned and operated and can be purchased with the 36-suite Ocean Reef Hotel located at 1130 Collins Avenue for a total of 78 keys.

FOR SALE DETAILS

PRICE

$14,900,000 USD

PRICE/SF

$553 USD /SF

# OF ROOMS

42

PRICE/ROOM

$354,762 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lorraine Hotel Beach Resort

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1950

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

RM-3

APN/PARCEL ID

02-3226-001-0740

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.