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The Fritz Hotel 524 Ocean Dr 22 Room Hotel Miami Beach, FL 33139 For Sale
Investment Highlights
- Prime Ocean Drive Frontage & Direct Beach Access – World-renowned Ocean Drive facing the beach, close to vibrant restaurants, shops, and nightlife.
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year.
- Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more.
- High Visibility & Foot Traffic – Arguably the most iconic, and highly-trafficked street in South Beach
- Turnkey Investment – Operating boutique hotel with 22 suites, rooftop oceanfront swimming pool, and restaurant & bar.
Executive Summary
OCEAN DRIVE ALL-SUITES HOTEL WITH ROOFTOP SWIMMING POOL
Modern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.
Modern 22-suite oceanfront hotel with a restaurant and bar in an iconic beachfront location, which attracts millions of visitors each year. Built in 1993, The Fritz Hotel offers 15 one and two-bedroom suites – all with kitchenettes and some with balconies, as well as 7 studios. The hotel boasts a rooftop swimming pool and sun deck overlooking Lummus Park and endless ocean views. The property is offered fee simple.
Property Facts
| Sale Type | Investment | Building Size | 21,726 SF |
| Property Type | Hospitality | No. Rooms | 22 |
| Property Subtype | Hotel | No. Stories | 5 |
| Building Class | B | Year Built | 1993 |
| Lot Size | 0.14 AC | Corridor | Interior |
| Zoning | GU- Miami Beach | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 21,726 SF |
| No. Rooms | 22 |
| No. Stories | 5 |
| Year Built | 1993 |
| Corridor | Interior |
| Zoning | GU- Miami Beach |
Amenities
- Pool
- Restaurant
- On-Site Bar
- Outdoor Pool
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | $664.44 CAD | - |
| Guest Room | 7 | $216.04 CAD | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Some public transit
40/100
Very bikeable
80/100
Property Taxes
| Parcel Number | 02-4203-002-0050 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $8,569,867 CAD |
Property Taxes
Parcel Number
02-4203-002-0050
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,569,867 CAD
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The Fritz Hotel | 524 Ocean Dr
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