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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
  • 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 RailDriveWalkDistance
Miami (Mainline - Brightline) 10 min - 4.9 mi
Government Center (Metromover Brickell Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Downtown Loop - Miami-Dade Transit (Metrorail/Metromover), Metromover Omni Loop - Miami-Dade Transit (Metrorail/Metromover), Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 11 min - 5.2 mi
AirportDriveWalkDistance
Miami International 28 min - 15.1 mi
Fort Lauderdale/Hollywood International 40 min - 26.8 mi
Susan Gale 305-695-4253 One Sotheby's International
Susan Gale 305-695-4253 One Sotheby's International