MLS#: A11597655

$21,900,000 USD

Listed By The Corcoran Group

The Hospitality Property for Sale located at Miami Beach, Florida is currently for sale. Miami Beach, Florida is listed for $21,900,000. This property has Total Parking features. If the property located at Miami Beach, Florida isn't what you're looking for, visit https://www.sheliagasson.com to see other Hospitality Properties for Sale in Miami Beach .

Date Updated : Apr 12, 2025

The details

Property features

Key features

  • Total Parking

Construction details

  • Year built: 1939

Other features

  • Cooling system: Central AC

Description

Discover an unparalleled investment opportunity with the historic James Hotel in Miami Beach, a gem in the heart of a world-class destination.This Art Deco hotel is perfectly situated just steps from the stunning Ocean Drive and the renowned shopping of Lincoln Road. Each of the 47 renovated rooms is thoughtfully equipped with modern amenities, microwave, and refrigerator. The hotel's vibrant atmosphere offers a unique charm that sets it apart. A rare find in Miami Beach, the property boasts a spacious parking area for guests. With a FAR of 2.75 developers have an exceptional chance to expand on this prime site. The investment potential is underscored by a solid cap rate of 6.33 Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects

Location

Miami Beach, Florida
Courtesy of Roberto Pecchi The Corcoran Group