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    6080 Collins Ave Miami Beach, FL 33140

    For Sale
    $27,000,000

    70-Key Hotel, Prime Oceanfront Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    368
    This exceptional investment opportunity presents 34 hotel units for sale within a 70-key hotel management program, situated on Collins Avenue in Miami Beach, Florida. The 2019-built, six-story property boasts a prime oceanfront location and includes 61 parking spaces and storage units. Adding to the diverse revenue streams, the property features an on-site Starbucks and office space. The turnkey condition of this new construction minimizes upfront capital expenditures. The property benefits from Miami Beach's high Average Daily Rate (ADR), promising strong revenue growth. This offering includes the underlying land, providing significant long-term development potential. The opportunity also exists to acquire the remaining 36 individually-owned hotel units and an additional 9 parking spaces, further enhancing the investment's value. This comprehensive package offers a unique chance to acquire a well-positioned asset in a thriving market. A Non-Disclosure Agreement and Letter of Intent are required for additional information.

    Property Features for 6080 Collins Ave

    General Information

    Property type
    Hotels

    Building Details

    Year Built
    2019
    Buildings
    1
    Stories
    6

    HighLights

    • $27,000,000 asking price for a 70‑key hotel in Miami Beach, FL.
    • 34 hotel units for sale, including a 70‑key management program.
    • 61 parking spaces and storage units.
    • On‑site Starbucks and office space.
    • Prime Miami Beach location.
    • 2019 construction, turnkey condition.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.120695745724
    Latitude
    25.843835374272

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    FAQs

    What type of property is this?
    Hotel - 70-Key Hotel, Prime Oceanfront Location
    Where is this hotel located?
    The property is located at 6080 Collins Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $27,000,000.
    What are key features of this property?
    This property features: $27,000,000 asking price for a 70-key hotel in Miami Beach, FL.; 34 hotel units for sale, including a 70-key management program.; 61 parking spaces and storage units.
    Request Owner's contact information
    6080 Collins Ave Miami Beach, FL 33140
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    Miami Beach, FL 33140
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6080 Collins Ave Miami Beach, FL 33140
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