305-695-4253
524 Ocean Dr, Miami Beach, FL for Sale
Hospitality - FOR SALE
1/18
null | Request Cap Rate

524 Ocean Dr
Miami Beach, FL 33139
Lummus Park


HIGHLIGHTS

  • Prime Ocean Drive Frontage & Direct Beach Access – World-renowned Ocean Drive facing the beach, close to vibrant restaurants, shops, and nightlife.
  • High Visibility & Foot Traffic – Arguably the most iconic, and highly-trafficked street in South Beach
  • Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year.
  • Turnkey Investment – Operating boutique hotel with 22 suites, rooftop oceanfront swimming pool, and restaurant & bar.
  • Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more.

OVERVIEW

OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOL Modern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

22

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Fritz Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

5

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1993

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

GU- Miami Beach

APN/PARCEL ID

02-4203-002-0050

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.