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Investment Opportunity

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1680 E James Ave Miami Beach FL 33139 MLS #A11597655

1680 E James Ave
Miami Beach, FL, 33139
$19,600,000
Beds
0 Bathrooms
20,079 SqFt
0.34 Acres
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$19,600,000
1680 E James Ave
Miami Beach, FL, 33139
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Project 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 1.4 developers have an exceptional chance to expand on this prime site. Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects.

Property Details

Price:
$19,600,000
MLS #:
A11597655
Status:
Active
Beds:
0
Baths:
0
Type:
Commercial
Subtype:
Hotel/Motel
Listed Date:
May 29, 2024
Finished Sq Ft:
20,079
Total Sq Ft:
20,079
Lot Size:
15,000 sqft / 0.34 acres (approx)
Year Built:
1939
James HotelHotel/motelHotel Non-waterfront

Schools

Interior

Cooling
Central Building A/C, Central Individual A/C
Flooring
Terrazzo, Tile

Exterior

Construction Materials
CBS Construction
Parking Features
Common, Free Parking, Guest
Parking Spots
20
Roof
Other
Security Features
Other Fire Protection, Smoke Alarm, Fire Sprinkler System, Security Fence

Financial

Taxes
$93,673

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Quick Information

Profitability of the Property

Net Monthly Income:
Annual Profitability of:
1680 E James Ave
Miami Beach, FL