Log In/Sign Up
Your email has been sent.
Lorraine Hotel Beach Resort 2601 Collins Ave 42 Room Hotel Miami Beach, FL 33140 $14,900,000 ($354,762/Room)
Executive Summary
Updated 42-room hotel with 5 retail tenants, steps from the beach walk and ocean at the northern edge of South Beach. Prime corner location between the luxurious 1 Hotel South Beach and the Miami Beach Edition, a few blocks from the exciting Faena District. The 3-story hotel boasts a large lobby, elevator, and spacious guest rooms. The hotel is independently owned and operated and can be purchased with the 36-suite Ocean Reef Hotel located at 1130 Collins Avenue for a total of 78 keys.
Property Facts
| Price | $14,900,000 | Building Size | 26,948 SF |
| Price Per Room | $354,762 | No. Rooms | 42 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built/Renovated | 1950/2017 |
| Property Subtype | Hotel | Parking Ratio | 0.22/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.23 AC | ||
| Zoning | RM-3 - RM-3 Residential Multifamily High Intensity FAR - 2.25 | ||
| Price | $14,900,000 |
| Price Per Room | $354,762 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 26,948 SF |
| No. Rooms | 42 |
| No. Stories | 3 |
| Year Built/Renovated | 1950/2017 |
| Parking Ratio | 0.22/1,000 SF |
| Corridor | Interior |
| Zoning | RM-3 - RM-3 Residential Multifamily High Intensity FAR - 2.25 |
Amenities
- Restaurant
- On-Site Retail
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 42 | $184.00 | - |
1 1
Walk Score®
Very Walkable (83)
Bike Score®
Very Bikeable (76)
Property Taxes
| Parcel Number | 02-3226-001-0740 | Improvements Assessment | $2,130,000 |
| Land Assessment | $4,000,000 | Total Assessment | $6,130,000 |
Property Taxes
Parcel Number
02-3226-001-0740
Land Assessment
$4,000,000
Improvements Assessment
$2,130,000
Total Assessment
$6,130,000
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Lorraine Hotel Beach Resort | 2601 Collins Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.