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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. No financials will be provided.
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. No financials will be provided.
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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