Listed by Sotheby's International Realty Miami Beach
$16,000,000
Ocean Reef Suites
Details
Property Type Hospitality
Sub Type Hotel
Square Footage 19,293
Keys 36
Lot Size (SqFt) 14,000
All-Suites Hotel In The Heart Of South Beach
Marketing description
Ocean Reef Suites Boutique Hotel offers 36 spacious guest suites with impact windows and kitchenettes. With 100 feet on Collins Avenue (A1A), the two-story building also has two retail tenants including a restaurant in a prime location one block from Ocean Drive and the beach, and steps from shops, restaurants, and exciting nightlife. The hotel is independently owned and operated and can be purchased with the 42-room Lorraine Hotel located at 2601 Collins Avenue for a total of 78 keys.
Investment highlights
· 36 spacious guest suites with kitchenettes
· Leased restaurant and retail store
· One block from Ocean Drive and the beach
· Zoning allows for additional square footage
· Building recertified until 2029
Listing Contacts
Listed by Sotheby's International Realty Miami Beach
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