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James Hotel 1680 James Ave 47 Room Hotel Miami Beach, FL 33139 $19,600,000 ($417,021/Room)
INVESTMENT HIGHLIGHTS
- Access to Public Transportation
- Next to Soundscape Park
- High traffic community
- Minutes from Beach Front
EXECUTIVE SUMMARY
Discover an unparalleled investment opportunity in the heart of Miami Beach with the historic James Hotel. This iconic Art Deco property is perfectly situated in a world-class destination, just steps away from the pristine sands of Ocean Drive and the vibrant shopping scene of Lincoln Road. The James Hotel offers 47 fully renovated rooms, each thoughtfully equipped with either double or single beds, microwaves, refrigerators, and individual air conditioning units, catering to both short-term and extended stays.
This property presents a unique chance to own a piece of Miami Beach history, boasting a lively and colorful atmosphere that attracts guests from around the globe. A standout feature is the expansive parking area, a rare commodity in this bustling area, providing convenience and added value for hotel guests. The Hotel feature a very large roof that can be the best place for a pool and tiki-bar. The Hotel has also a large laundry room and office space located in the basement.
For developers, the site offers a FAR of 1.5 , presenting exceptional potential for future development projects. With a solid cap rate of 6.33, this investment promises both immediate returns and long-term growth. Embrace the opportunity to own the legendary James Hotel and capitalize on its prime location and development possibilities. This is your chance to be part of Miami Beach's thriving hospitality scene, in a property that combines historical charm with modern amenities.
This property presents a unique chance to own a piece of Miami Beach history, boasting a lively and colorful atmosphere that attracts guests from around the globe. A standout feature is the expansive parking area, a rare commodity in this bustling area, providing convenience and added value for hotel guests. The Hotel feature a very large roof that can be the best place for a pool and tiki-bar. The Hotel has also a large laundry room and office space located in the basement.
For developers, the site offers a FAR of 1.5 , presenting exceptional potential for future development projects. With a solid cap rate of 6.33, this investment promises both immediate returns and long-term growth. Embrace the opportunity to own the legendary James Hotel and capitalize on its prime location and development possibilities. This is your chance to be part of Miami Beach's thriving hospitality scene, in a property that combines historical charm with modern amenities.
PROPERTY FACTS
| Price | $19,600,000 | Building Size | 20,079 SF |
| Price Per Room | $417,021 | No. Rooms | 47 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1939/2017 |
| Property Subtype | Hotel | Parking Ratio | 1.2/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.34 AC | ||
| Zoning | 6600 - CD-3 High Intensity, Hotel - Motel - Commercial | ||
| Price | $19,600,000 |
| Price Per Room | $417,021 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 20,079 SF |
| No. Rooms | 47 |
| No. Stories | 3 |
| Year Built/Renovated | 1939/2017 |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Interior |
| Zoning | 6600 - CD-3 High Intensity, Hotel - Motel - Commercial |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 47 | $135.00 | - |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-3234-019-0710 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,329,500 |
PROPERTY TAXES
Parcel Number
02-3234-019-0710
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,329,500
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James Hotel | 1680 James Ave
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