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Ocean Reef Suites 1130 Collins Ave 36 Room Hotel Miami Beach, FL 33139 $22,158,560 CAD ($615,516 CAD/Room)
EXECUTIVE SUMMARY
Ocean Reef Suites Boutique Hotel offers 36 spacious guest suites with impact windows and kitchenettes. With 100 feet on Collins Avenue (A1A), the two-story building also has two retail tenants including a restaurant in a prime location one block from Ocean Drive and the beach, and steps from shops, restaurants, and exciting nightlife. The hotel is independently owned and operated and can be purchased with the 42-room Lorraine Hotel located at 2601 Collins Avenue for a total of 78 keys.
PROPERTY FACTS
| Price | $22,158,560 CAD | Lot Size | 0.32 AC |
| Price Per Room | $615,516 CAD | Building Size | 19,500 SF |
| Sale Type | Investment | No. Rooms | 36 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1949/2012 |
| Building Class | B | Corridor | Interior |
| Zoning | MXE - MXE - Mixed Use Entertainment FAR -2.0 Maximum Height - 50 Feet | ||
| Price | $22,158,560 CAD |
| Price Per Room | $615,516 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.32 AC |
| Building Size | 19,500 SF |
| No. Rooms | 36 |
| No. Stories | 2 |
| Year Built/Renovated | 1949/2012 |
| Corridor | Interior |
| Zoning | MXE - MXE - Mixed Use Entertainment FAR -2.0 Maximum Height - 50 Feet |
AMENITIES
- Business Center
- Restaurant
- On-Site Retail
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 36 | $227.13 CAD | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 02-3234-008-1110 | Improvements Assessment | $2,143,453 CAD |
| Land Assessment | $7,354,987 CAD | Total Assessment | $9,498,441 CAD |
PROPERTY TAXES
Parcel Number
02-3234-008-1110
Land Assessment
$7,354,987 CAD
Improvements Assessment
$2,143,453 CAD
Total Assessment
$9,498,441 CAD
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Ocean Reef Suites | 1130 Collins Ave
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