Just reduced for a quick and efficient sale: One Sotheby's International is proud to exclusively market 945 Pennsylvania Ave also known as the Seymour Hotel, 3 story multi-zoned building located 2 blocks from South Beach’s exclusive Ocean Drive. This is an extremely rare opportunity for a buyer to purchase and reposition this trophy Art Deco property. The property is located on 9th and Pennsylvania Ave which is just 25 yds from Washington Ave and surrounded by multiple high-end hotels, apartment complexes and high street retail/restaurant businesses. This 3 story building has a total of 12,414 sq ft with typical floor plates of approximately 3,570 sq ft each. (Note tax information is incorrect)
The Seymour Hotel was designed by famed Architect B. Kingston Hall in 1936 for developer Benjamin London, who named it after his son Seymour. This 16 unit hotel was later converted into a 16 apartment building in the early 1980's. Eighty-Two years later this tropical Art Deco jewel still stands, nestled in the center of the nation's only historic district composed entirely of twentieth-century structures. In 1998, the property was acquired by the Miami Beach Community Development Corporation (MBCDC) and the property underwent a complete renovation and reopened in August 2001 as a multi use building. Current tenants of the Seymour include MBCDC headquarters, the local office of the Florida Department of Children and families, Trident Real Estate and The Granados Modeling Agency. The Gross Total Income is $112,000 on 3 Leases which are set to expire in less than 9 months - Seller is a non-profit and does not pay rent.
The Seymour boasts smart touches, including original color schemes such as a gleaming white exterior and forest-green and deep-burgundy lobby, a restored ziggurat fireplace, and tile-and-wood floors in the exhibition space featuring patterns that outline the original floor plan.
This is an ideal for an investor or a hotel operator who would like to a value-add property with varied uses.Apartments or Offices.
