Discover an unparalleled investment opportunity in the heart of Miami Beach with the historic James Hotel. This iconic Art Deco property is perfectly situated in a world-class destination, just steps away from the pristine sands of Ocean Drive and the vibrant shopping scene of Lincoln Road. The James Hotel offers 47 fully renovated rooms, each thoughtfully equipped with either double or single beds, microwaves, refrigerators, and individual air conditioning units, catering to both short-term and extended stays. A very large parking area is also part of the property. This property presents a unique chance to own a piece of Miami Beach history, boasting a lively and colorful atmosphere that attracts guests from around the globe. A standout feature is the expansive parking area, a rare commodity in this bustling area, providing convenience and added value for hotel guests. For developers, the site offers a FAR of 2.75, presenting exceptional potential for future development projects. With a solid cap rate of 6.33, this investment promises both immediate returns and long-term growth. Embrace the opportunity to own the legendary James Hotel and capitalize on its prime location and development possibilities. This is your chance to be part of Miami Beach's thriving hospitality scene, in a property that combines historical charm with modern amenities.