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600 Ocean Dr
Miami Beach, FL 33139 Lummus Park

$25,000,000 USD

Hotel For Sale  •  26,661 SF

Property Details

  • Property Type Hotel
  • Total Building Size 26,661 SF
  • Lot Size 0.39 AC
  • Building Class B
  • Year Built 1929
  • Tenancy Multiple
  • Zoning MXE, Miami Beach
49 Transit Score
95 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 – Fully operational boutique hotel with 54 rooms and a leased restaurant. Double corner lot with private parking.
Flexible Zoning - Mixed-use entertainment (MXE) zoning allows for hotel, apartments, retail, restaurant and more

Major Tenants

Tenant SF Occupied Lease End Date
Cafe 6 Ocean LLC
Cj's Crab Shack
Lingenfelser Enterprises South
Lobster Roll
Milkshake Barista

Public Transportation

Commuter RailDriveWalkDistance
11 min - 4.9 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 11 min - 5.0 mi
AirportDriveWalkDistance
Miami International 29 min - 15.1 mi
Fort Lauderdale/Hollywood International 40 min - 26.9 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Susan Gale 305-695-4253 One Sotheby's International
Susan Gale 305-695-4253 One Sotheby's International