FL > Miami Beach
Miami Beach, FL 33139,1680 E James Ave
Miami Beach, FL 33139,1680 E James Ave
Miami Beach, FL 33139,1680 E James Ave
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Monica Cataluña-Shand, CCIM

Monica Cataluña-Shand, CCIM

+1(954) 812-1831
$19,600,000
Est. payment /mo
20,079 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Active

Purchase Type For Sale

Square Footage 20,079 sqft

Price per Sqft $976

MLS Listing ID A11597655

Construction Status Resale

HOA Y/N No

Year Built 1939

Annual Tax Amount $93,673

Lot Size 0.344 Acres

Acres 0.3444

Property Sub-Type Hotel/Motel

Property Description

Discover an unparalleled investment opportunity with the historic James Hotel in Miami Beach, a gem in the heart of a world-class destination.This Art Deco hotel is perfectly situated just steps from the stunning Ocean Drive and the renowned shopping of Lincoln Road. Each of the 47 renovated rooms is thoughtfully equipped with modern amenities, microwave, and refrigerator. The hotel's vibrant atmosphere offers a unique charm that sets it apart. A rare find in Miami Beach, the property boasts a spacious parking area for guests. With a FAR of 2.75 developers have an exceptional chance to expand on this prime site. The investment potential is underscored by a solid cap rate of 7.0 Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects.

Location

State FL

County Miami-dade

Area 42

Interior

Cooling Central Air

Flooring Terrazzo, Tile

Exterior

Roof Type Other

Total Parking Spaces 20

Private Pool Yes

Building

Story 3

Sewer Public Sewer

Water Public, Well

Structure Type Block

Construction Status Resale

Others

Tax ID 02-32-34-019-0710

Ownership Corporation

Security Features Fenced,Fire Sprinkler System,Other,Smoke Detector(s)

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11597655

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Listed by The Corcoran Group
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"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

1655 N Commerce Parkway, Suite 204, Weston, Florida, 33326, United States

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1680 E James Ave