6080 Collins AveMiami Beach, FL 33140

Property Details for 6080 Collins Ave

Year built

2019

Property type

Hospitality properties

Property subtype

Other hospitality properties

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.

Location Insight

City

Miami Beach

County

Miami-Dade

State

Florida

Latitude

25.8438

Longitude

-80.1207

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