1435 Collins Ave - Hospitality FOR SALE


Miami Beach, FL 33139
$16,000,000 USD
305-695-4253
1435 Collins Ave, Miami Beach, FL for Sale
$16,000,000 USD
Hospitality - FOR SALE
1/15
null | Request Cap Rate

1435 Collins Ave
Miami Beach, FL 33139


HIGHLIGHTS

  • Renovated 40-room hotel with ground floor retail
  • New plumbing, electrical, elevator, and HVAC
  • Impact windows and doors throughout
  • New fire sprinkler system and security cameras
  • Steps from Ocean Drive and miles of white sand beach
  • The building has been recertified until 2025

OVERVIEW

Just steps from Ocean Drive and miles of white sand beach, in the heart of the South Beach Art Deco hotel district, this classic 40-room hotel reopened in 2018 after careful restoration and beautifully renovated to recapture the grandeur of the 1930’s Art Deco era while offering modern luxury finishes. Renovations include new plumbing and electrical system, elevator, HVAC, fire sprinkler system, security cameras, and impact windows and doors throughout. The property offers a spacious outdoor seating area and ground floor retail space. Mixed-use entertainment (MXE) zoning allows for hotel, retail, 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. The building has been recertified until 2027.

FOR SALE DETAILS

PRICE

$16,000,000 USD

PRICE/SF

$1,046 USD /SF

# OF ROOMS

40

PRICE/ROOM

$400,000 {currency}

CAP RATE

Request Cap Rate

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Henrosa Hotel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

3

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1935

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.21 AC

LAND SF

9,148 SF

ZONING

MXE, Miami Beach

APN/PARCEL ID

02-3234-012-0040

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.