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Beach Park Hotel 600 Ocean Dr 54 Room Hotel Miami Beach, FL 33139 $25,000,000 ($462,963/Room)
INVESTMENT HIGHLIGHTS
- Prime Ocean Drive Frontage & Direct Beach Access – World-renowned Ocean Drive facing the beach, close to vibrant restaurants, shops, and nightlife
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year
- Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more
- High Visibility & Foot Traffic – Arguably the most iconic, and highly-trafficked street in South Beach
- Turnkey Investment – Fully operational boutique hotel with 54 rooms and a leased restaurant. Double corner lot with private parking.
EXECUTIVE SUMMARY
54-ROOM OCEAN DRIVE HOTEL WITH OWNER FINANCING
Unique opportunity to acquire an Ocean Drive hotel with owner financing. The Beach Park Hotel boasts a prime corner location on world-renowned Ocean Drive, facing miles of white sand beach, in the heart of the historic South Beach Art Deco District. The 54-room boutique hotel also features a leased restaurant and private parking. Designed by famed Mediterranean-style Architect William Brown, the Beach Park is one of the original members of the Miami Beach Architectural District, and is a proud winner of the Barbara Baer Capitman Award for its unique Mediterranean-style architecture, recognized for preserving historic Art Deco elements in Miami Beach's historic district. Set on a double corner lot, the hotel is ready to be updated and repositioned in this world-class beachfront destination, which attracts millions of visitors each year.
Unique opportunity to acquire an Ocean Drive hotel with owner financing. The Beach Park Hotel boasts a prime corner location on world-renowned Ocean Drive, facing miles of white sand beach, in the heart of the historic South Beach Art Deco District. The 54-room boutique hotel also features a leased restaurant and private parking. Designed by famed Mediterranean-style Architect William Brown, the Beach Park is one of the original members of the Miami Beach Architectural District, and is a proud winner of the Barbara Baer Capitman Award for its unique Mediterranean-style architecture, recognized for preserving historic Art Deco elements in Miami Beach's historic district. Set on a double corner lot, the hotel is ready to be updated and repositioned in this world-class beachfront destination, which attracts millions of visitors each year.
PROPERTY FACTS
| Price | $25,000,000 | Building Size | 26,661 SF |
| Price Per Room | $462,963 | No. Rooms | 54 |
| Sale Type | Investment | No. Stories | 3 |
| Property Type | Hospitality | Year Built | 1929 |
| Property Subtype | Hotel | Parking Ratio | 0.48/1,000 SF |
| Building Class | B | Corridor | Interior |
| Lot Size | 0.39 AC | ||
| Zoning | MXE, Miami Beach - MXE- Mixed Use Entertainment FAR – 2.0, Maximum Height – 50 Feet | ||
| Price | $25,000,000 |
| Price Per Room | $462,963 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.39 AC |
| Building Size | 26,661 SF |
| No. Rooms | 54 |
| No. Stories | 3 |
| Year Built | 1929 |
| Parking Ratio | 0.48/1,000 SF |
| Corridor | Interior |
| Zoning | MXE, Miami Beach - MXE- Mixed Use Entertainment FAR – 2.0, Maximum Height – 50 Feet |
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 54 | $127.00 | - |
1 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-4203-004-0060 | Improvements Assessment | $1,056,600 |
| Land Assessment | $10,163,400 | Total Assessment | $11,220,000 |
PROPERTY TAXES
Parcel Number
02-4203-004-0060
Land Assessment
$10,163,400
Improvements Assessment
$1,056,600
Total Assessment
$11,220,000
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Beach Park Hotel | 600 Ocean Dr
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