Foreclosure Lender Owned Ocean Dr 40 unit Hotel For Sale in Miami Beach Florida. Offered at $7,950,000.
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David Sanmartin | Keyes Company of Realtors | davidsanmartin@keyes.com | (954) 549-0801
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Ocean Dr, Miami Beach, FL
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Distressed Sale. Miami Beach 40 Unit Hotel. For immediate assistance on this & other great deals call David at 954-549-0801.
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Multi-Family
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offered at $7,950,000
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| Year Built |
Unspecified |
| Sq Footage |
15,350 |
| Floors |
0 |
| Parking |
Unspecified |
| Lot Size |
Unspecified |
| Maint |
$0 per month |
DESCRIPTION
**Distressed Sale**
The Boulevard Hotel is a historically designated South Beach Hotel directly on Ocean Drive. The restaurant is currently leased out with annual rent payments totaling $300,000. The Boulevard is an art deco hotel that originally consisted of 50 hotel rooms. It currently is operating 35 units because a number of units were combined to make large suites. The Boulevard was recently foreclosed on by the lender and is being sold fee simple.
In both daytime and at nightfall, the South Beach section of Miami Beach is a major entertainment destination with hundreds of nightclubs, restaurants, boutiques and hotels. The area is popular with both American and international tourists from all over the world. The Boulevard is in the heart of Americas Riviera.
Financial SummaryActual:
Net Operating Incomoe: $744,120
**Whether buying, selling, or renting, call your Commercial Realtor expert David Sanmartin at 954-549-0801.** |
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| see additional photos below |
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ADDITIONAL PHOTOS
 Photo 1 |
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Contact info:
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David Sanmartin
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Keyes Company of Realtors
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| 3172648 |
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(954) 549-0801
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For sale by agent/broker
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Posted: Sep 2, 2010, 3:40am PDT
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Tags: bank owned, Commercial Real Estate, COMMERCIAL REAL ESTATE AGENT, FLORIDA, florida hotels for sale, Miami Beach Hotel For Sale, MULTIFAMILY, Real Estate, REO, SHORT SALE
Posted on Thursday, September 2nd, 2010 at 12:02 pm and is filed under Commercial Real Estate, Foreclosures.
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Avg. Sales Price: 379,000
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