561-703-9298
660 Ocean Dr, Miami Beach, FL for Sale
Hospitality - FOR SALE
1/21
null | Request Cap Rate

660 Ocean Dr
Miami Beach, FL 33139
Lummus Park


HIGHLIGHTS

  • 49-room Art Deco hotel in Miami Beach’s historic Art Deco District
  • Prime corner location on Ocean Drive, directly facing Miami Beach
  • Stabile commercial income from two long-standing tenants (restaurant & retail)
  • Professionally managed and operated – no major deferred maintenance
  • Building re-certified until 2031
  • Mixed-use entertainment (MXE) zoning allows multiple uses and future repositioning potential

OVERVIEW

The Majestic South Beach is an exceptionally located oceanfront historic boutique hotel situated at the absolute center of South Beach’s Art Deco district. Originally constructed in 1941, the three-story hotel contains 17,808 square feet, and features 49 guestrooms, 24-hour reception, an on-site lobby and terrace restaurant and bar named Ocean Seven 7 Café, and a gift and convenience shop available to guests. In addition to its idyllic location opposite Miami Beach and Lummus Park, the Majestic Hotel is only seconds from outstanding shopping, restaurants and nightlife. The Majestic Hotel occupies a premier position at 660 Ocean Drive in the heart of Miami Beach’s South Beach neighborhood. Situated directly across from the Atlantic Ocean, the property fronts one of the most celebrated stretches of Ocean Drive, placing it at the center of a world-renowned hospitality and tourism destination. Its location offers a combination of visibility, accessibility, and cultural significance that is unmatched in South Florida.

FOR SALE DETAILS

PRICE

Request Info for Price

# OF ROOMS

49

CAP RATE

Request Cap Rate

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Majestic Hotel South Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1941

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

MXE

APN/PARCEL ID

02-4203-004-0010

ASK ABOUT THIS PROPERTY

Gary BroidisAtlantic Commercial GroupMore Info
561-703-9298

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

Gary BroidisAtlantic Commercial GroupMore Info
561-703-9298

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