Normandy Plaza Hotel | 6979 Collins Ave
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Normandy Plaza Hotel 6979 Collins Ave
65 Room Hotel Miami, FL 33141 $42,977,361 CAD ($661,190 CAD/Room)
Executive Summary
The only Hotel on the ocean available in Miami Beach. Possibility to build another 14,000sqft or to annex it with the adjacent property to build a Luxury Condo Project with an FAR of 3.0. Develop today, or stabilize and hold long term. Total unit count with next door would be about 150. This is probably the last opportunity to own an Oceanfront Property in Miami Beach that makes sense as an income producing and/or development opportunity. Pictures on the way.
Property Facts
Price | $42,977,361 CAD | Building Size | 21,377 SF |
Price Per Room | $661,190 CAD | No. Rooms | 65 |
Sale Type | Investment | No. Stories | 4 |
Property Type | Hospitality | Year Built | 1936 |
Property Subtype | Hotel | Tenancy | Single |
Building Class | C | Corridor | Interior |
Lot Size | 0.32 AC |
Price | $42,977,361 CAD |
Price Per Room | $661,190 CAD |
Sale Type | Investment |
Property Type | Hospitality |
Property Subtype | Hotel |
Building Class | C |
Lot Size | 0.32 AC |
Building Size | 21,377 SF |
No. Rooms | 65 |
No. Stories | 4 |
Year Built | 1936 |
Tenancy | Single |
Corridor | Interior |
Room Mix Information
Description | No. Rooms | Daily Rate | SF |
---|---|---|---|
Guest Room | 65 | $97.74 CAD | - |
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Walk Score ®
Walker's Paradise (92)
Bike Score ®
Very Bikeable (74)
PROPERTY TAXES
Parcel Number | 02-3211-002-0710 | Improvements Assessment | $0 CAD |
Land Assessment | $0 CAD | Total Assessment | $8,669,284 CAD |
PROPERTY TAXES
Parcel Number
02-3211-002-0710
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$8,669,284 CAD
zoning
Zoning Code | 4100 |
4100 |
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Normandy Plaza Hotel | 6979 Collins Ave
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