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$19,500,000
Est. payment /mo
28,606 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 28,606 sqft
Price per Sqft $681
MLS Listing ID A12011345
HOA Y/N No
Year Built 1924
Lot Size 0.321 Acres
Property Sub-Type Hotel/Motel
Property Description
Faena District Hospitality Asset | 48 Units + 8,000 SF Retail | Reintroduced to Market
2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach's Faena District.? Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area's most significant luxury hospitality and residential developments.?
The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage.? Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion.?
Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today's market conditions.? This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.?
2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach's Faena District.? Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area's most significant luxury hospitality and residential developments.?
The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage.? Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion.?
Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today's market conditions.? This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.?
Location
State FL
County Miami-dade
Area 32
Exterior
Private Pool Yes
Others
Tax ID 02-32-26-001-0940
Acceptable Financing Cash, Conventional, Cryptocurrency, Owner May Carry
Listing Terms Cash, Conventional, Cryptocurrency, Owner May Carry
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12011345
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Listed by One Sotheby's International Realty
NEARBY SCHOOL & BUSINESS
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