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James Hotel 1680 James Ave

47 Room Hotel Miami Beach, FL 33139 £17,135,655 (£364,588/Room) 5.42% Net Initial Yield

Investment Highlights

  • Access to Public Transportation
  • Next to Soundscape Park
  • High traffic community
  • Minutes from Beach Front

Executive Summary

Historic Art Deco Hotel located in a World-Class destination in Miami Beach in Commercial High Intensity Zoning (CD3), the James Hotel is just steps across from one of the most beautiful beaches in the world Ocean Drive, and famous shopping street of Lincoln Road. All 47 hotel room are renovated and equipped with double or single bed, microwave, refrigerator, individual A/C, for short or long staying vacation. A true unique opportunity to own the legendary James Hotel with its colorful atmosphere. A phenomenal investment with a large parking area for the hotel guests, rarely available in Miami Beach. FAR 2.75 allow exceptional opportunity for developers to build on this site.

Financial Summary (Actual - 2023) Click Here to Access

Annual Annual Per SF
Gross Rental Income $99,999 $9.99
Other Income - -
Vacancy Loss - -
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

Financial Summary (Actual - 2023) Click Here to Access

Gross Rental Income
Annual $99,999
Annual Per SF $9.99
Other Income
Annual -
Annual Per SF -
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $99,999
Annual Per SF $9.99
Taxes
Annual $99,999
Annual Per SF $9.99
Operating Expenses
Annual $99,999
Annual Per SF $9.99
Total Expenses
Annual $99,999
Annual Per SF $9.99
Net Operating Income
Annual $99,999
Annual Per SF $9.99

Property Facts

Price £17,135,655
Price Per Room £364,588
Sale Type Investment
Net Initial Yield 5.42%
Property Type Hospitality
Property Subtype Hotel
Building Class B
Lot Size 0.34 AC
Building Size 20,079 SF
No. Rooms 47
Number of Floors 3
Year Built/Renovated 1939/2017
Parking Ratio 1.2/1,000 SF
Corridor Interior

Amenities

  • High Speed Internet Access
  • Patio
  • Public Access Wi-Fi

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 47 £105.63 -
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (78)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02-3234-019-0710
Land Assessment
£2,347,350 (2024)
Improvements Assessment
£1,443,620 (2024)
Total Assessment
£3,790,970 (2024)
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2023

zoning

Zoning Code 6600 (CD-3 High Intensity, Hotel - Motel)
6600 (CD-3 High Intensity, Hotel - Motel)
  • Listing ID: 31965438

  • Date on Market: 30/05/2024

  • Last Updated:

  • Address: 1680 James Ave, Miami Beach, FL 33139

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