235 30th St
Miami Beach, FL 33140
The · Multifamily Property For Sale · 34 Units

Marcus & Millichap is pleased to present The Samantha Hotel, a 34 unit suite boutique hotel set to be delivered in January, 2018. The building has been gut renovated and is set to be delivered with full certificate of occupancy in place with a hotel license. The building consists of four floors, including a rooftop terrace. The existing lot size consists of an 8,000 square foot lot, and a building floor area of 15,243 square feet. The property is located between 30th and 31st street within the Faena District, a four-block district which has been the centerpiece of Mid Beach’s emerging status as a hot destination. The Faena District, which is between Indian Creek Drive and Collins Avenue, is just a 10-minute walk to South Beach and 5-minute bike ride to Lincoln Road and the Miami Beach Convention Center. This Convention Center is currently undergoing a $165 Million renovation and expansion, which will set a high standard of excellence and redefine the beach as we know it today. This expansion will bring many new entertainment and large-scale business events to Miami Beach, bringing more culture and tourism to the existing area than ever before. With the newly redesigned convention center finishing in July 2018, ADR is projected to increase. The Samantha Hotel’s location sets it in one of Miami’s most profitable locations, with the potential for future growth and development. The surrounding area contains a number of existing properties with a vibrant mixture of retail, restaurant, entertainment, and residential uses. Its location makes this property very desirable location for investors as the tourism and strong demand has been prevalent for decades. This exclusive opportunity is set for investors who seek brand new product in Miami’s most desired location.