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Henrosa Hotel 1435 Collins Ave 40 Room Hotel Miami Beach, FL 33139 $16,000,000 ($400,000/Room)
INVESTMENT HIGHLIGHTS
- Renovated 40-room hotel with ground floor retail
- Impact windows and doors throughout
- Steps from Ocean Drive and miles of white sand beach
- New plumbing, electrical, elevator, and HVAC
- New fire sprinkler system and security cameras
- The building has been recertified until 2025
EXECUTIVE SUMMARY
Just steps from Ocean Drive and miles of white sand beach, in the heart of the South Beach Art Deco hotel district, this classic 40-room hotel reopened in 2018 after careful restoration and beautifully renovated to recapture the grandeur of the 1930’s Art Deco era while offering modern luxury finishes. Renovations include new plumbing and electrical system, elevator, HVAC, fire sprinkler system, security cameras, and impact windows and doors throughout. The property offers a spacious outdoor seating area and ground floor retail space. Mixed-use entertainment (MXE) zoning allows for hotel, retail, and more in a world-class destination. The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility. The building has been recertified until 2027.
PROPERTY FACTS
| Price | $16,000,000 | Building Size | 15,297 SF |
| Price Per Room | $400,000 | No. Rooms | 40 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1935/2018 |
| Property Subtype | Hotel | Tenancy | Single |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.21 AC | ||
| Zoning | MXE, Miami Beach - Mixed use entertainment district | ||
| Price | $16,000,000 |
| Price Per Room | $400,000 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.21 AC |
| Building Size | 15,297 SF |
| No. Rooms | 40 |
| No. Stories | 3 |
| Year Built/Renovated | 1935/2018 |
| Tenancy | Single |
| Corridor | Interior |
| Zoning | MXE, Miami Beach - Mixed use entertainment district |
AMENITIES
- Public Access Wifi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 40 | $165.00 | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-3234-012-0040 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,146,144 |
PROPERTY TAXES
Parcel Number
02-3234-012-0040
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,146,144
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Henrosa Hotel | 1435 Collins Ave
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