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6300 Collins Ave
Miami Beach, FL 33141
Lombardy Inn Motel · Hospitality Property For Sale
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66 Rooms
INVESTMENT HIGHLIGHTS
- 2-story hotel located in Miami Beach near 60th St.
- Hotel has been in business for over 50 years, run as an independent hotel.
- On Collins across the street from the ocean.
- Great upside potential.
EXECUTIVE SUMMARY
2-story hotel located in Miami Beach near 60th St directly on Collins across the street from the Ocean. The hotel has been in business for over 50 years and runs as an independent extended stay hotel. Property has 66 rooms ranging from 250 sf and a CAFE, there is on site parking a lobby , terrace area and sundry store. This is on one of the most visible busiest corners, near shopping , Publix, Hilton hotel and multimillion dollar homes and Condos. This is a redevelopment deal and perfect to renovate into a flag hotel or boutique. Only $300,000 per key.
PROPERTY FACTS
| Price Per Room | $318,182 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 19,778 SF |
| Cap Rate | 2.86% | No. Rooms | 66 |
| Sale Condition | Redevelopment Project | No. Stories | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1948/2000 |
| Property Subtype | Hotel | Parking Ratio | 0.51/1,000 SF |
| Building Class | C | Corridor | Interior |
| Zoning | RM-2 - Residential Multi-Family, retail commercial, hotel or any mixed use | ||
| Price Per Room | $318,182 |
| Sale Type | Investment |
| Cap Rate | 2.86% |
| Sale Condition | Redevelopment Project |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.46 AC |
| Building Size | 19,778 SF |
| No. Rooms | 66 |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2000 |
| Parking Ratio | 0.51/1,000 SF |
| Corridor | Interior |
| Zoning | RM-2 - Residential Multi-Family, retail commercial, hotel or any mixed use |
AMENITIES
- Restaurant
- Patio
- Beach (direct access)
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 66 | $79.00 | - |
PROPERTY TAXES
| Parcel Number | 02-3211-007-1500 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $5,077,249 |
PROPERTY TAXES
Parcel Number
02-3211-007-1500
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$5,077,249
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