Listed by Beachfront Realty, Inc. Miami Beach
$8,500,000
MiMo District Great Hotel Turnaround Opportunity!!!
Details
Property Type Hospitality
Sub Type Hotel, Motel
Square Footage 18,079
Keys 50
Tenancy Single
Year Built 1960
Buildings 2
Stories 3
Lot Size (SqFt) 27,342
Investment Type Value Add
Excellent value add opportunity for historic hotel on Biscayne Blvd! Featured in Dexter!!
Marketing description
The 7 Seas is not just a building — it is one of the most recognizable pieces of mid-century Americana still standing in Miami. Its neon sign has glowed on Biscayne Boulevard since the motel opened as a highway landmark for travelers heading down U.S. 1.
It has appeared in Donnie Brasco, Dexter, and No Pain No Gain. It hosted two consecutive Art Basel Miami experiences drawing artists, curators, and galleries from eight countries. Its neon sign is one of the most photographed pieces of street iconography in Miami.
Investment highlights
Investment Highlights — 7 Seas Hotel
- Value-Add Opportunity on the Biscayne Corridor — 50-room hotel offered below replacement cost, positioned for a buyer prepared to execute a capital improvement and repositioning program
- Seller Financing Available — ownership is offering seller-carry terms, providing flexible acquisition structure for qualified buyers (terms available upon request / NDA)
- Prime MiMo Historic District Location — 27,342 SF lot on Biscayne Blvd with T5-L zoning, supporting mixed-use and redevelopment potential
- Below-Market In-Place Operations — current performance reflects deferred investment, creating substantial upside for a well-capitalized operator or redeveloper
- Irreplaceable Land Basis — assembled lot in a supply-constrained submarket with <1% new hotel supply growth in Miami
- Flexible Exit Strategies — renovate and reposition as boutique/cultural-hospitality asset, or hold for long-term land appreciation
- Priced for Execution — asking price reflects condition and repositioning requirements, offering room for buyers to underwrite renovation costs into their basis
Listing Contacts
Listed by Beachfront Realty, Inc. Miami Beach
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Zoning
T5-L MixedMixed UseUrban Center Transect Limited
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View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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