Majestic South Beach Hotel 660 Ocean Dr 49 Room Hotel Miami Beach, FL 33139 For Sale
INVESTMENT HIGHLIGHTS
- Turnkey 49-room Art Deco boutique hotel
- Across from Lummus Park and the Atlantic Ocean
- Stabilized income from 2 long-term tenants
- Ocean Drive – iconic beachfront location
- Leased restaurant and retail store
- Building recertified until 2031
EXECUTIVE SUMMARY
PRINCIPALS ONLY!
FIRST TIME ON THE MARKET - 49-ROOM ART DECO HOTEL WITH LEASED RESTAURANT AND RETAIL
Majestic South Beach boasts a prime corner location on world-renowned Ocean Drive, facing miles of white sand beach, in the heart of the historic South Beach Art Deco District. The 49-room boutique hotel also features a leased restaurant and bar as well as a retail store, providing stabilized income from two long-term tenants in place since 2008. Designed by famous Art Deco architect Albert Anis, Majestic South Beach is an irreplaceable Ocean Drive landmark. Capital improvements include new AC and elevator; restaurant and retail build out; lobby, guest room and bathroom upgrades. The building has been recertified until 2031. Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more in a world-class destination, steps from the ocean, vibrant restaurants, shops and exciting nightlife. Turnkey asset in an iconic beachfront location, which attracts millions of visitors each year.
FIRST TIME ON THE MARKET - 49-ROOM ART DECO HOTEL WITH LEASED RESTAURANT AND RETAIL
Majestic South Beach boasts a prime corner location on world-renowned Ocean Drive, facing miles of white sand beach, in the heart of the historic South Beach Art Deco District. The 49-room boutique hotel also features a leased restaurant and bar as well as a retail store, providing stabilized income from two long-term tenants in place since 2008. Designed by famous Art Deco architect Albert Anis, Majestic South Beach is an irreplaceable Ocean Drive landmark. Capital improvements include new AC and elevator; restaurant and retail build out; lobby, guest room and bathroom upgrades. The building has been recertified until 2031. Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more in a world-class destination, steps from the ocean, vibrant restaurants, shops and exciting nightlife. Turnkey asset in an iconic beachfront location, which attracts millions of visitors each year.
PROPERTY FACTS
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 13,851 SF |
| No. Rooms | 49 |
| Number of Floors | 3 |
| Year Built/Renovated | 1941/2020 |
| Corridor | Interior |
AMENITIES
- Restaurant
- On-Site Retail
- High Speed Internet Access
- On-Site Bar
- Boutique/Lifestyle Hotel
- Public Access Wi-Fi
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | SF |
|---|---|---|---|
| Guest Room | 49 | £209.43 | - |
1 of 1
Walk Score®
Walker's Paradise (95)
Bike Score®
Very Bikeable (81)
PROPERTY TAXES
| Parcel Number | 02-4203-004-0010 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £7,356,320 |
ZONING
| Zoning Code | MXE (Mixed-use entertainment (MXE) zoning allows for hotel, retail, restaurant and more.) |
