1401 Collins Avenue, Miami, FL 33139 (MLS# M1296653)

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

Overview

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

Listing Details MLS# M1296653

General Property Information

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

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

Contract Information

Comp Sale YN
No
Original List Price
16500000

Location and Legal

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

Financial Information

Tax Annual Amount
101949
Tax Assessed/SOH Value
5053340
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 ----

Status Change Information

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
Buyer Financing
Conventional

More Information

Building and Property Details

# Of Offices
Yes

Income and Expenses

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

Description of Unit Type 1

Units Total
77

Concessions

Seller Concessions
No

Section Details

Parcel Number MLX
0660

Originating Details

Originating System Key
27347932
Originating System ID
M00000151

Currently Not Used

Ownership Type
Other Ownership

Office/Member Information

DXORIGMLSID
SEF

Electric

220 Volts
Yes

Flooring

Carpet
Yes
Ceramic Tile
Yes

Parking Features

On Street
Yes
Valet
Yes
Other
Yes

Property Condition

Resale
Yes

Documents Available

Appraisal
Yes
Environmental Study
Yes
Other Available Information
Yes
Photos
Yes
Rent Rolls
Yes
Tax Return
Yes

Structure Type

Hotel/Motel
Yes

Sewer

Public Sewer
Yes

Special Information

Flood Zone
Yes

Building Features

Elevator(s)
Yes
Laundry Facilities
Yes
Lobby
Yes
Lounge
Yes
Restaurant
Yes

Heating

Central Building
Yes
Window/Wall
Yes

Sale Includes

Fixtures
Yes
Furniture
Yes
Inventory
Yes

Construction Materials

Block
Yes
CBS
Yes

Listing Terms

Cash
Yes
Conventional
Yes

Lot Features

Landscaped
Yes

Roof

Built-Up
Yes

Security Features

Security Fence
Yes
Security Guard
Yes

Water Source

Public
Yes

Cooling

Central Building
Yes

Showing Requirements

Appointment Only
Yes
Call Listing Agent
Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot
Yes
Listing Office: The Keyes Company
Last Updated: April - 09 - 2026
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.