6080 Collins Ave Miami Beach, FL 33140
- Hospitality properties
Current Use by Public Records
- Hospitality properties
Property Details for 6080 Collins Ave
- Year built
- 2019
- Property type
- Hospitality properties
- Property subtype
- Hotels
Description
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.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.1207
- Latitude
- 25.8438
