Price Reduced 8.37%

$21,900,000

Est. Mortgage $112,182/mo *

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Price History

$23,900,000
5/29/2024

$21,500,000
11/11/2024

$21,900,000
11/12/2024

1680 E James Ave, Miami Beach, FL, 33139

1680 E James Ave, Miami Beach, FL, 33139
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1939

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 6.33 Seize the chance to own a piece of Miami Beach history while capitalizing on its promising development prospects

Status:

Active

Type:

Commercial

Units:

47

Zoning:

6600

Garage:

Common, Free Parking, Guest

Cooling:

Central Air

Parking:

20-car

Acreage:

0.34

Est. Taxes:

$93,673

Construction

Block

Days on Market:

317

MLS #:

A11597655

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of The Corcoran Group Phone: 305-395-4982