7300 Ocean Terrace, Miami Beach, FL 33141

Building Details

Year Built

1940

Listing office ONE SOTHEBY'S INTERNATIONAL REALTY a***@onesothebysrealty.com Show Phone

Listing date May 15, 2024

Source Crexi

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

This oceanfront condo hotel is located in a vibrant area of Miami Beach, fronting sandy beaches with unobstructed views of the ocean and North Beach Park. Situated across from the Bandshell, Community Center, and volleyball and tennis courts, the property is positioned in a thriving community hub. The Art Deco building features 39 condominium units in excellent condition, along with a 1,384 square foot retail Mediterranean restaurant, Ronni's By The Ocean, which has been beautifully renovated and is in excellent condition. The sale includes a liquor license for the oceanfront restaurant. The Ocean Terrace Park area is undergoing major city project upgrades and improvements. This property offers a unique opportunity to own a prime piece of Miami Beach real estate, steps from the beach and Atlantic Ocean.

Suggested Use

Dental Office Building Supply Auto Parts Store Auto Repair Shop Carpet & Flooring Store Big Box & Wholesale Store (Bike/Boat/Book/etc) Store Electrical Service Butcher Nursing Home

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

-80.12014

Latitude

25.859127

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FAQs

What type of property is this?

Hotel - Miami Beach condo hotel with restaurant in prime location.

Where is this hotel located?

The property is located at 7300 Ocean Terrace Miami Beach, FL.

What is the asking price?

The asking price for this property is $49,900,000.

What are key features of this property?

This property features: Oceanfront location with unobstructed views of the ocean and North Beach Park; Includes a renovated 1,384 sf Mediterranean restaurant ('Ronni's By The Ocean') with a liquor license; Located in a vibrant Miami Beach community hub, across from Bandshell, Community Center, volleyball, and tennis courts