1680 James Ave Miami Beach, FL 33139-3115

The James Hotel, a legendary 47-key Art Deco hotel, presents a unique investment opportunity in the heart of Miami Beach, Florida. Built in 1939, this three-story building boasts a prime location just steps from the world-renowned Ocean Drive beach and the vibrant Lincoln Road shopping district. All 47 guest rooms have been renovated and feature modern amenities including double or single beds, microwaves, refrigerators, and individual air conditioning, catering to both short-term and long-term guests. The hotel benefits from a substantial on-site parking area, a rare find in Miami Beach. The property is zoned CD3, a Commercial High Intensity zoning designation, offering a significant development potential with a 2.75 Floor Area Ratio (FAR). This allows for exceptional expansion or redevelopment opportunities for the discerning investor. This historic property combines the charm of Art Deco architecture with the convenience of a prime location and the potential for significant future growth, making it an exceptional addition to any portfolio. The asking price is $21,900,000. This is a rare chance to acquire a piece of Miami Beach history and capitalize on its enduring appeal.