James Hotel | 1680 James Ave
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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 | Lot Size | 0.34 AC |
Price Per Room | £364,588 | Building Size | 20,079 SF |
Sale Type | Investment | No. Rooms | 47 |
Net Initial Yield | 5.42% | Number of Floors | 3 |
Property Type | Hospitality | Year Built/Renovated | 1939/2017 |
Property Subtype | Hotel | Parking Ratio | 1.2/1,000 SF |
Building Class | B | Corridor | Interior |
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 | - |
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Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (78)
PROPERTY TAXES
Parcel Number | 02-3234-019-0710 | Total Assessment | £3,790,970 (2024) |
Land Assessment | £2,347,350 (2024) | Annual Taxes | -£1 (£0.00/sf) |
Improvements Assessment | £1,443,620 (2024) | Tax Year | 2023 |
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) |
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James Hotel | 1680 James Ave
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