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MLS # :A11597655 |
Price :$21,900,000 |
Status :
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Listing Date :May 29, 2024 |
Square Footage :Not Available |
County :Miami-Dade County |
Square Footage :Not Available |
Year Built :1939 |
Taxes :$93,673 Per Year |
Waterfront :No |
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Remarks :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 |
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Call: 305-998-9922
Sunny Realty
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listed above. The data relating to real estate for sale, rent or sold on this web site comes from the Internet Data Exchange Program, South East
Florida Regional MLS, presented by Sunny Realty, courtesy of and is provided here for consumers personal, non-commercial use. It may not be used for any
purpose other than to identify prospective properties consumers may be interested in purchasing. Real Estate listings held by brokerage firms other
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Tel.
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Email. Info@SunnyRealty.com
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