Take advantage of an unprecedented opportunity for the acquisition of a full service, direct oceanfront boutique hotel in Miami Beach.
The building is approximately 9,000 square feet, total land approx 14,200; and sits right on the east side of the legendary Collins Avenue. The hotel features 64 rooms, including 6 with direct ocean and beachfront views from the upper floors, a beachfront terrace area well suited for a pool as well as full service installations, such as gym, spa, cabanas, restaurant, etc. Also features a high ceiling lobby area.
The immediate surrounding areas feature designer shops and boutique restaurants, boasting the true look and feel of Miami Beach, as well as convenience stores and supermarkets.
Please note the building is in need of full renovation. Per the owners, city of Miami Beach is on verbal approval regarding raising the number of floors, making it a desirable investment opportunity.