1320 Ocean Dr - Hospitality FOR SALE


Miami Beach, FL 33139
$25,000,000 USD
305-695-4253
1320 Ocean Dr, Miami Beach, FL for Sale
$25,000,000 USD
Hospitality - FOR SALE
1/9
null | Request Cap Rate

1320 Ocean Dr
Miami Beach, FL 33139


HIGHLIGHTS

  • Renovated 46-room trophy hotel on Ocean Drive
  • Across from the ocean and white-sand beaches
  • New commercial kitchen and laundry room
  • Impact windows and doors throughout
  • 111-seat restaurant/bar with 4COP liquor license
  • Offered fee simple and unencumbered by brand and management

OVERVIEW

South Beach – Trophy 46-room Art Deco hotel with 111-seat restaurant/bar and 4COP liquor license across from the ocean on world-renowned Ocean Drive. Designed by architect Roy F. France in 1936, the Cavalier Hotel is an irreplaceable historic masterpiece and a beautiful Ocean Drive landmark. Recently reopened after extensive renovations, this oceanfront gem offers new luxuriously appointed guestrooms and interior spaces, while maintaining its exquisite Art-Deco façade. Brand new commercial kitchen and laundry room. Fire sprinkler system, elevator, and impact windows and doors throughout. Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more in a world-class destination. The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions of visitors each year.

FOR SALE DETAILS

PRICE

$25,000,000 USD

PRICE/SF

$1,477 USD /SF

# OF ROOMS

45

PRICE/ROOM

$555,556 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Cavalier South Beach

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1936

PARKING SPACES

2

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,534 SF

ZONING

MXE

APN/PARCEL ID

02-3234-008-0500

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.