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 hotels 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
- Address 1680 E James Ave
- City Miami Beach
- County Miami-Dade
- Zip 33139
- Price $21,900,000
- Status Active
- Subdivision
- Pets Allowed No
- MLS® # A11597655
- Property Type Commercial Sale
- Property Sub TypeHotel Motel
- Status Active
- Square Feet
- Year Built 1939
- Waterfront No
- Maintenance Fees No Info Provided
- Taxes $93,673
- Tax Year