Cavalier South Beach 1320 Ocean Dr 45 Room Hotel Miami Beach, FL 33139 £18,844,500 (£418,767/Room)
INVESTMENT HIGHLIGHTS
- Renovated 46-room trophy hotel on Ocean Drive
- New commercial kitchen and laundry room
- 111-seat restaurant/bar with 4COP liquor license
- Across from the ocean and white-sand beaches
- Impact windows and doors throughout
- Offered fee simple and unencumbered by brand and management
EXECUTIVE SUMMARY
PROPERTY FACTS
| Price | £18,844,500 |
| Price Per Room | £418,767 |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.15 AC |
| Building Size | 16,928 SF |
| No. Rooms | 45 |
| Number of Floors | 3 |
| Year Built/Renovated | 1936/2016 |
| Parking Ratio | 0.12/1,000 SF |
| Corridor | Interior |
| Zoning | MXE - Mixed use entertainment district |
AMENITIES
- Restaurant
- High Speed Internet Access
- On-Site Bar
- Beach (direct access)
ABOUT 1320 OCEAN DR , MIAMI BEACH, FL 33139
South Beach – Trophy 46-room Art Deco hotel with 111-seat restaurant/bar and 4COP liquor license across from the ocean on world-renowned Ocean Drive. Designed by architect Roy F. France in 1936, the Cavalier Hotel is an irreplaceable historic masterpiece and a beautiful Ocean Drive landmark. Recently reopened after extensive renovations, this oceanfront gem offers new luxuriously appointed guestrooms and interior spaces, while maintaining its exquisite Art-Deco façade. New commercial kitchen and laundry room. Fire sprinkler system, elevator, and impact windows and doors throughout. Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more in a world-class destination. The property is offered fee simple and unencumbered by brand and management, affording a new owner maximum flexibility in an iconic beachfront location, which attracts millions of visitors each year.
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Suite | 2 | £146.99 | - |
| Guest Room | 43 | £109.30 | - |
PROPERTY TAXES
| Parcel Number | 02-3234-008-0500 | Improvements Assessment | £3,116,848 |
| Land Assessment | £2,939,742 | Total Assessment | £6,056,590 |
