6979 Collins Ave Miami Beach, FL 33141-3205

This exceptional 63-key oceanfront hotel in Miami Beach, Florida presents a unique investment opportunity. Located at 6979 Collins Ave, this 5-story, 21,377 square foot property sits on a 14,150 square foot lot (APN 02-3211-002-0710) and boasts a prime location in the highly desirable 33141 zip code. Built in 1936, the hotel offers significant potential for both immediate income generation and future development. The current asking price is $30,000,000, translating to $1,403.38 per square foot. The property is zoned 4100, allowing for substantial expansion. A key advantage is the possibility of adding approximately 14,000 square feet to the existing structure or combining it with an adjacent property to create a luxury condominium project with a floor area ratio (FAR) of 3.0, potentially resulting in a total unit count of around 150. This represents a rare chance to acquire an oceanfront property in Miami Beach with both immediate income potential and significant long-term development upside. This is likely the last opportunity to own a hotel of this kind on the ocean in Miami Beach. Detailed property photos are forthcoming.