956 Washington Ave
Miami Beach, FL 33139
Roami at Astor Hotel · Hospitality Property For Sale · 23,047 SF

Trophy 42-room Art Deco hotel with 5000 sq ft restaurant/bar and a court yard with a pool just steps from world-renowned Ocean Drive. Built in 1936, this historic 3 Story boutique hotel is located at 956 Washington Avenue designed by T. Hunter Henderson features 42 rooms, private pool and a courtyard, and the basement bar/speakeasy Astor Social Club. This is Bankruptcy Sale for the Leasehold improvements of an irreplaceable historic masterpiece on Miami Beach. Current lease runs for 90 Years at a cost of approximately $39,500 per month NNN. There are NO financial or historical data provided by seller for this sale all offers must be submitted to the Bankruptcy Judge for final approval. Recently renovated after extensive upgrades, this gem offers new luxuriously appointed guestrooms and interior spaces, while maintaining its exquisite Art-Deco façade. • Renovated trophy hotel just steps from world-renowned Ocean Drive • 42 spacious exquisitely appointed guestrooms and suites • 2 Blocks from the ocean and white-sand beaches • 5,000 sq ft Restaurant/bar with 4COP liquor license (must be reactivated) • Offered unencumbered by flag or brand and management • Steps from shops and world-class entertainment Zoned CD-2 commercial, medium intensity district which allows all commercial uses; Including Hotels, apartments; hostels, and suite hotels and short term rentals. in an iconic beachfront location, which attracts millions of visitors each year. Offered at $12,000,000