Rainbow San Juan Motel | 2390 SW 8th St
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Rainbow San Juan Motel 2390 SW 8th St
22 Room Hotel Miami, FL 33135 $4,100,000 ($186,364/Room) 8.39% Cap Rate
Investment Highlights
- Turn-key hospitality property in the sought-after Calle Ocho neighborhood
- Minutes from I-95, Miami International Airport, and South Beach
- Prime location in Little Havana, close to shops, clubs, art galleries, and Cuban eateries
- Ample parking for guests and staff
Executive Summary
Welcome to an exceptional opportunity in the heart of Calle Ocho, the center of Cuban life and culture in the Little Havana neighborhood. This property has 22 licensed motel units that have proudly served patrons for over three decades. Some units have been remodeled and some retain their old-school Florida nostalgia. Enjoy the convenience of staying within walking distance of iconic landmarks like Domino Park, the Tower Theater, and Calle Ocho's vibrant street life, making it easy to explore and immerse yourself in the neighborhood's rich culture.
This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the T6 8 zoning. Sale includes both buildings, Rainbow and San Juan Motels, as they operate as one. Great CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.
This turn-key asset is fully equipped and furnished and ready for immediate operation. Alternatively, an investor may opt to optimize the density and build vertically due to the T6 8 zoning. Sale includes both buildings, Rainbow and San Juan Motels, as they operate as one. Great CAP return per year. Sale includes the business and the real estate. Please do not disturb staff or guests with questions. Contact agent for all questions and appointments.
Property Facts Under Contract
| Price | $4,100,000 | Building Size | 6,753 SF |
| Price Per Room | $186,364 | No. Rooms | 22 |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 8.39% | Year Built | 1952 |
| Property Type | Hospitality | Tenancy | Single |
| Property Subtype | Hotel | Parking Ratio | 3.43/1,000 SF |
| Building Class | C | Corridor | Exterior |
| Lot Size | 0.20 AC |
| Price | $4,100,000 |
| Price Per Room | $186,364 |
| Sale Type | Investment |
| Cap Rate | 8.39% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 6,753 SF |
| No. Rooms | 22 |
| No. Stories | 1 |
| Year Built | 1952 |
| Tenancy | Single |
| Parking Ratio | 3.43/1,000 SF |
| Corridor | Exterior |
Amenities
- High Speed Internet Access
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 22 | $100.00 | - |
Walk Score ®
Very Walkable (89)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $104,720 | |
| Land Assessment | $1,107,250 | Total Assessment | $2,278,970 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$1,107,250
Improvements Assessment
$104,720
Total Assessment
$2,278,970
zoning
| Zoning Code | T6 8 Miami 21 (T6 8 zoning allows building upwards of 8 stories plus. Residential, hotels and mixed use are allowed. Great zoning!) |
| T6 8 Miami 21 (T6 8 zoning allows building upwards of 8 stories plus. Residential, hotels and mixed use are allowed. Great zoning!) |
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Daney Cabrera -
The Daney Group
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Rainbow San Juan Motel | 2390 SW 8th St
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