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524 Ocean Dr
Miami Beach, FL 33139 Lummus Park

Price Upon Request

Hotel For Sale • 21,726 SF

Property Details

Property Type Hotel
Total Building Size 21,726 SF
Lot Size 0.14 AC
Building Class B
Year Built 1993
Tenancy Multiple
Zoning GU- Miami Beach

40 Transit Score

100 Walk Score

                
                    Highlights
                
                                Prime Ocean Drive Frontage & Direct Beach Access – World-renowned Ocean Drive facing the beach, close to vibrant restaurants, shops, and nightlife.
                            
                                High Visibility & Foot Traffic – Arguably the most iconic, and highly-trafficked street in South Beach
                            
                                Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year.
                            
                                Turnkey Investment – Operating boutique hotel with 22 suites, rooftop oceanfront swimming pool, and restaurant & bar.
                            
                                Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more.

Major Tenants

Tenant	SF Occupied	Lease End Date
Cuba Libre		1/31/2024
Fritz Hotel
Restaurant & Lunch		4/1/2012
Roberto Matarraz

Amenities

Pool
Restaurant
On-Site Bar
Outdoor Pool
Public Access Wifi

Public Transportation

Commuter Rail	Drive	Walk	Distance
	10 min	-	4.9 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover))	11 min	-	5.0 mi
Airport	Drive	Walk	Distance
Miami International	29 min	-	15.1 mi
Fort Lauderdale/Hollywood International	40 min	-	26.8 mi

Susan Gale 305-695-4253 One Sotheby's International

524 Ocean Dr Miami Beach, FL 33139 Lummus Park