MLS#: A11597655

$21,900,000 USD

The details

Property features

Key features

  • Total Parking

Construction details

  • Year built: 1939

Other features

  • Cooling system: Central AC

Description

LOCATION, LOCATION , LOCATION AMAZING OPPORTUNITY TO PURCHASE THIS HISTORIC HOTEL AND DEVELOPMENT OPPORTUNITY IN MIAMI BEACH. Art Deco Hotel located in a World-Class destination in Miami Beach, the James Hotel is just steps across from one of the most beautiful beaches in the world Ocean Drive, and famous shopping street of Lincoln Road.
All 47 hotel room are renovated and equipped with double or single bed, microwave, refrigerator, individual A/C, for short or long staying vacation. A true unique opportunity to own the legendary James Hotel with its colorful atmosphere.
A phenomenal investment with a large parking area for the hotel guests, rarely available in Miami Beach.
FAR 2.75 allow exceptional opportunity for developers to build on this site.
Cap Rate is 6.33

Location

Miami Beach, Florida
Courtesy of Roberto Pecchi The Corcoran Group