Alamac Residences Miami Beach Listed For Sale

On behalf of the Owner, CBRE, Inc., offers for sale The Alamac, a ±51,600 SF building located at 1300 Collins Avenue in Miami Beach. This location, in the heart of South Florida’s most exclusive enclave, is the epicenter for art, culture and entertainment in South Florida and among the most sought after locations in the world for visitors, businesses, and investors alike.

Originally built in 1934 as a 116-room hotel, the seven-story Alamac remains one of the tallest buildings in this area of Miami Beach, and features pristine views of Miami Beach to the west, and the Atlantic Ocean to the east. 

In 1987, the Building was completely renovated, updated, and reconfigured to a unique mix of 45 residential units, most of which contain two bedrooms and two bathrooms. Some units feature a unique loft design, while some others feature private terraces or patios. Residents also have access to a private swimming pool. Four commercial tenants occupying ±3,500 of ground floor retail & restaurant space serve as an added amenity for the residents.

• 45 residential units
• ±3,500 SF of ground floor retail & restaurant space are currently 100% occupied. 
• ±4,000 SF of ground floor space currently used as storage or owner’s office space.

All of the residential units are on short-term leases (1 year or less) that are well below market.

The Alamac is an ideal conversion candidate for Hotel, Short-term Rentals, or Long-term Rentals.

A new owner can immediately begin to add value by making minor improvements and raising rents to market.

For inquiries visit here.