22000 sq ft Building 0 SQ FT (LOT)

$10,900,000

Boutique hotel in the heart of South Beach located just 1 block from the ocean and world famous Lincoln Road. It currently has 45 rooms with 5 additional rooms being used for staffing quarters and non hotel room use. Common areas include sundeck, bar, restaurant area adjacent to the lobby with liquor license. It was completely renovated in 2000. The rooms are very spacious averaging over 450 SF per room. Additional buildable SF may be permitted under current allowable FAR. Seller financing is available in the amount of $5-6M at prevailing rates and terms for qualified buyers.