600 Ocean Dr - Hospitality FOR SALE


Miami Beach, FL 33139- Lummus Park
$25,000,000 USD
305-695-4253
600 Ocean Dr, Miami Beach, FL for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

600 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 – Fully operational boutique hotel with 54 rooms and a leased restaurant. Double corner lot with private parking.
  • Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more

OVERVIEW

54-ROOM OCEAN DRIVE HOTEL WITH OWNER FINANCING Unique opportunity to acquire an Ocean Drive hotel with owner financing. The Beach Park Hotel boasts a prime corner location on world-renowned Ocean Drive, facing miles of white sand beach, in the heart of the historic South Beach Art Deco District. The 54-room boutique hotel also features a leased restaurant and private parking. Designed by famed Mediterranean-style Architect William Brown, the Beach Park is one of the original members of the Miami Beach Architectural District, and is a proud winner of the Barbara Baer Capitman Award for its unique Mediterranean-style architecture, recognized for preserving historic Art Deco elements in Miami Beach's historic district. Set on a double corner lot, the hotel is ready to be updated and repositioned in this world-class beachfront destination, which attracts millions of visitors each year. No financials will be provided.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$938 USD /SF

# OF ROOMS

54

PRICE/ROOM

$462,963 {currency}

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Beach Park Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1929

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.39 AC

LAND SF

16,988 SF

ZONING

MXE, Miami Beach

APN/PARCEL ID

02-4203-004-0060

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.