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Ocean Reef Suites 1130 Collins Ave 36 Room Hotel Miami Beach, FL 33139 $22,056,000 CAD ($612,667 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 | $22,056,000 CAD | Lot Size | 0.32 AC |
| Price Per Room | $612,667 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 | $22,056,000 CAD |
| Price Per Room | $612,667 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 | $226.07 CAD | - |
1 1
Walk Score®
Walker's Paradise (97)
Bike Score®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 02-3234-008-1110 | Improvements Assessment | $2,116,571 CAD |
| Land Assessment | $7,262,745 CAD | Total Assessment | $9,379,317 CAD |
PROPERTY TAXES
Parcel Number
02-3234-008-1110
Land Assessment
$7,262,745 CAD
Improvements Assessment
$2,116,571 CAD
Total Assessment
$9,379,317 CAD
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Ocean Reef Suites | 1130 Collins Ave
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