6084 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33140- Oceanfront
$39,000,000 USD
305-859-1606
6084 Collins Ave, Miami Beach, FL for Sale
$39,000,000 USD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

6084 Collins Ave
Miami Beach, FL 33140
Oceanfront


HIGHLIGHTS

  • This boutique hotel provides a running start to investors, with 100 high-quality guest rooms and a restaurant/bar with $2.5m in annual revenue.
  • A prime location places guests near top attractions, including Surfside Beach, the Miami Beach Boardwalk, the Miami Beach Bandshell, and more.
  • Guests love the hotel’s upscale guest rooms and quality amenities, including free Wi-Fi, complimentary beach towels, and daily happy hour.
  • Miami-Dade ranked among the most popular tourist destinations in the U.S., drawing tourism spending of more than $21.1b, up 2% YOY.

OVERVIEW

The Oceanside Hotel offers a lucrative investment opportunity, providing a 100-key, boutique hospitality property with a prime location just off the Miami Beach waterfront. This stunning asset comprises 45,736 square feet of quality space across four buildings, including 80 guest rooms, 20 suite rooms with kitchens, and a restaurant/bar (The Tavern) generating $2.5 million in annual revenue. The hotel attracts guests with free, high-speed Wi-Fi, complimentary beach towels, a daily happy hour, and excellent customer service with a 24/7 concierge. The Oceanside Hotel’s fantastic location places guests near the area’s top attractions, including the Surfside Beach, the Miami Beach Boardwalk, the North Beach Bandshell, the Bayside Marketplace, the Wynwood Walls and the Miami Beach Botanical Gardens. Additionally, golf enthusiasts have easy access to the Normandy Shores Golf Course and the La Gorce Country Club. Miami-Dade ranked as the country’s most popular destination for hotel stays during the beginning of 2024, up 3.3% from 2023. More than $21.1 billion in tourism spending was tracked, an increase of 2% year-over-year. This elevated demand for quality accommodation in the region positions the Oceanside Hotel for continued long-term success.

FOR SALE DETAILS

PRICE

$39,000,000 USD

PRICE/SF

$853 USD /SF

# OF ROOMS

100

PRICE/ROOM

$390,000 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Oceanside Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1946

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,300 SF

ZONING

4000

APN/PARCEL ID

02-3211-008-0010

ASK ABOUT THIS PROPERTY

Keith DarbyRise RealtyMore Info
305-859-1606

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

Keith DarbyRise RealtyMore Info
305-859-1606

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