James Hotel 1680 James Ave 47 Room Hotel Miami Beach, FL 33139 $21,900,000 ($465,957/Room) 6.33% Cap Rate
INVESTMENT HIGHLIGHTS
- Access to Public Transportation
- Next to Soundscape Park
- High traffic community
- Minutes from Beach Front
EXECUTIVE SUMMARY
LOCATION, LOCATION , LOCATION AMAZING OPPORTUNITY TO PURCHASE THIS HISTORIC HOTEL AND DEVELOPMENT OPPORTUNITY IN MIAMI BEACH. Art Deco Hotel located in a World-Class destination in Miami Beach in Commercial High Intensity Zoning (CD3), the James Hotel is just steps across from one of the most beautiful beaches in the world Ocean Drive, and famous shopping street of Lincoln Road. All 47 hotel room are renovated and equipped with double or single bed, microwave, refrigerator, individual A/C, for short or long staying vacation. A true unique opportunity to own the legendary James Hotel with its colorful atmosphere. A phenomenal investment with a large parking area for the hotel guests, rarely available in Miami Beach. FAR 2.75 allow exceptional opportunity for developers to build on this site. A large parking area is a plus for the hotel guests, it is also possible to develop a new building in the parking area. This Hotel is a real money maker, financial available.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
PROPERTY FACTS
| Price | $21,900,000 |
| Price Per Room | $465,957 |
| Sale Type | Investment |
| Cap Rate | 6.33% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.34 AC |
| Building Size | 20,079 SF |
| No. Rooms | 47 |
| No. Stories | 3 |
| Year Built/Renovated | 1939/2017 |
| Parking Ratio | 1.2/1,000 SF |
| Corridor | Interior |
AMENITIES
- High Speed Internet Access
- Patio
- Public Access Wifi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 47 | $135.00 | - |
1 of 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (78)
PROPERTY TAXES
| Parcel Number | 02-3234-019-0710 | Total Assessment | $4,845,000 |
| Land Assessment | $3,000,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $1,845,000 | Tax Year | 2024 |
ZONING
| Zoning Code | 6600 (CD-3 High Intensity, Hotel - Motel) |
