Prince Michael Hotel
$27,700,000
For sale
4378
Property ID
47,585 SqFt
Size
Description
Adar Investments & Management is pleased to exclusively offer for sale the well-esteemed historical treasure residing in the world’s most luxurious resort district, Prince Michael Hotel.
Located on 26th St. and Collins Avenue, the notable development’s approved plans bolster 107 riveting rooms, two crystal pools, an unrivaled dining experience, and a ravishing lobby layout, all perfected and rendered to the utmost brilliance.
Highlights
- Value-Add Redevelopment Project In Miami Beach’s Epicenter of Upscale Tourism
- Originally Built by Roy France, father of Miami Modern Architecture
- Public Parking Next Door & Beach Access Straight Ahead
- Frontage on Collins + Indian Creek Dr.
- Entitled to Federal Historic Rehabilitation Tax Credits
- Currently Operating as a Multifamily at 90% Occupancy
Address
Address:
2618 Collins Ave, Miami Beach, FL 33140
- Country: United States
- Province / State: Florida
- City / Town: Miami
- Property ID 4378
- Price $27,700,000
- Property Type Hotel
- Property status For sale
- Year Built 1952
- Size 47,585 SqFt
- Zoning RM-2
- Lot Area 30,042(sq ft)
- Price Per Sqft $582.12
- Occupancy 90%
- Keys 107
- Buildings 1
- Stories 5
- Broker Co-Op Yes
- Price/Key $258,878.50
Contact
