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1401 Collins Avenue, Miami, FL 33139

$12,250,000

Property Type: Commercial Sale Square Footage: 32,330 Status: Closed

Current Price: $12,250,000 List Date: 2/13/2009 Last Modified: 4/09/2026

Description

$8.25M FINANCING AVAILABLE TO QUALIFIED BUYERS, 7.25% INTEREST ONLY FOR 3 YEARS, 2 YEARS EXTENSION POTENTIAL, 2% PREPAYMENT PENALTY. 77 RM FULL SERVICE HOTEL, RESTAURANT LIC 48 SEATS, 4 COP LIQUOR LICENSE 5 AM, TWO FOLIOS 21,000 SF LAND, FAR 2.0-9.5k SFT. BUILDABLE. FANTASTIC FINANCIAL PERFORMANCE 2008, OCCUPANCY 83%, ADR IS $120.95; POTENTIAL F&B REVENUE PLUS ROOMS

More Information MLS# M1296653

Contract Information

Comp Sale YN: No Listing Date: 2009-02-12 Status: Closed Original List Price: 16500000 Sold Price: $12,250,000 Current Price: $12,250,000

Location and Legal

County Or Parish: Miami-Dade County Parish Name: Miami-Dade City Name: Miami Municipal Code: 2 Postal Code: 33139 Subdivision Number: 8 Property Description: Hotel Country: United States Street Number: 1401 Street Name: Collins Street Suffix: Avenue State Or Province: FL Postal Code +4: 4104 Area: 2320 Parcel Number: 0232340080660 Zoning: 65/COMM Directions: I-395 TO MIAMI BEACH, 5TH STREET EAST TO COLLINS AVE, NORTH TO NORTHEAST CORNER 14TH ST. &COLLINS AVE.

General Property Information

Number Of Buildings: 1 Number Of Units Total: 7 Price Per Unit: 214286 Occupant Type: Owner Year Built Details: YearBuiltDescription Resale Lot Size Area: 914760000 Stories Total: 3 Property Sub Type: Hotel/Motel Building Area Main: 32330 Year Built: 1936 Lot Size Acres: 21000

Currently Not Used

Ownership Type: Other Ownership

Financial Information

Tax Assessed/SOH Value: 5053340 Tax Annual Amount: 101949 Tax Legal Description: OCEAN BEACH ADDN NO 2 PB 2-56LOT 11 & S1/2 LOT 12 BLK 19 LOT SIZE 75.000 X 140 OR 21244-0035 04 2003 1 ----

Office/Member Information

DXORIGMLSID: SEF

Status Change Information

Buyer Financing: Conventional Major Change Timestamp: 2009-12-11T03:50:03Z Major Change Type: Status Change Price Change Timestamp: 2009-04-08T02:50:03Z Status Change Date: 2009-12-11 Under Contract Date: 2009-07-28 Close Date: 2009-12-10 Close Price: 12250000

Electric

220 Volts: 1

Flooring

Carpet: 1 Ceramic Tile: 1

Parking Features

On Street: 1 Valet: 1 Other: 1

Property Condition

Resale: 1

Documents Available

Appraisal: 1 Environmental Study: 1 Other Available Information: 1 Photos: 1 Rent Rolls: 1 Tax Return: 1

Structure Type

Hotel/Motel: 1

Sewer

Public Sewer: 1

Special Information

Flood Zone: 1

Building and Property Details

# Of Offices: 1

Building Features

Elevator(s): 1 Laundry Facilities: 1 Lobby: 1 Lounge: 1 Restaurant: 1

Heating

Central Building: 1 Window/Wall: 1

Sale Includes

Fixtures: 1 Furniture: 1 Inventory: 1

Construction Materials

Block: 1 CBS: 1

Listing Terms

Cash: 1 Conventional: 1

Lot Features

Landscaped: 1

Roof

Built-Up: 1

Security Features

Security Fence: 1 Security Guard: 1

Water Source

Public: 1

Income and Expenses

Inc/Exp Statement Period: ACCNTANT Vacancy Allowance Rate: 17 Occupancy Percentage: 83 Gross Scheduled Income: 3234110

Description of Unit Type 1

Units Total: 77

Cooling

Central Building: 1

Showing Requirements

Appointment Only: 1 Call Listing Agent: 1

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 0660

Acreage Description

1/4 To Less Than 1/2 Acre Lot: 1

Originating Details

Originating System Key: 27347932 Originating System ID: M00000151

Property Features

Building Features: Elevator(s); Laundry Facilities; Lobby; Lounge; Restaurant Documents Available: Appraisal; Environmental Study; Other Available Information; Rent Rolls; Tax Return Electric: 220 Volts Flooring: Carpet; Ceramic Tile Heating: Central Building; Window/Wall Parking Features: On Street; Valet; Other Property Condition: Resale Sale Includes: Fixtures; Furniture; Inventory Construction Materials: Block; CBS Cooling: Central Building Listing Terms: Cash; Conventional Lot Features: Landscaped Roof: Built-Up Security Features: Security Fence; Security Guard Sewer: Public Sewer Special Information: Flood Zone Structure Type: Hotel/Motel Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Listing Office: The Keyes Company

Last Updated: April - 09 - 2026

1401 Collins Avenue, Miami, FL 33139- MLS# M1296653

This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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