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$16,900,000

205 Collins Ave, Miami Beach FL 33139

Miami Beach
Type
Hotel/Motel · Commercial Sale
Year built
1923
Lot size
6,500 sqft
Days on market
340 days
About this property

Located in a world-class destination in Miami Beach's South of Fifth Neiborhood. This fully renovated trophy hotel is just steps across from one of the most beautiful beaches in the world, the iconic South Pointe Beach surrounded by the best restaurants in Miami and the Country. All 25 suites are equipped w/full kitchens, catering to longer-staying guests. There is currently a cafe in the lobby that can be expand to a 40-seat cafe/restaurant currently has a full liquor license + commercial kitchen. A phenomenal investment rarely available in SoFi, surrounded by 3 bodies of water. The Hotel is passing the 40-year re-certification fully remodeled. Airb&b approved and making money. The value of this Hotel is the Real Estate 25 apartment hotel units and its location.

Why this is an opportunity
Originally $18,900,000 · now $16,900,000 ↓ 11%
  • Price cut 11%, $2,000,000 off the original ask
  • 340 days on market, a motivated seller open to offers
Location
MLS# A11829788 · Listed by Roland Ortiz · Jorge Martinez
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