Title of Property: Olympia Hotel
Island: New Providence/Paradise Island
Listed Price: $5,290,000
Property Type: Building and Land
Business Type: Hotel/Resort
SqFt Total: 19500
Business Type: Hotel/Resort
SqFt Total: 19500
Currency: USD
Lot Depth: 125
Lot Width: 65
Lot SqFt: 8125
Lot Depth: 125
Lot Width: 65
Lot SqFt: 8125
Description: Welcome to the Olympia Hotel, a beacon of an opportunity situated in the heart of Nassau's vibrant tourism district. This historic property, spanning 19,500 square feet, offers a blank canvas for visionary investors. With its prime location directly opposite the Margaritaville Hotel with less than two minute walking distance to Junkanoo Beach. This 40-room rare real estate find is more than just a hotel; it's a renovator's dream waiting to be transformed into a landmark of elegance and modernity. Imagine the possibilities: from boutique accommodations, to chic retail spaces or restaurants on the ground floor. This property promises a seamless blend of hospitality and commerce. Plans have been meticulously prepared, showcasing the addition of one floor to maximize its potential, further enhancing its stature among Nassau's downtown skyline. The Olympia Hotel beckons with its historic charm and a promising future. Envisioned as a centerpiece of Nassau's downtown real estate, this property invites ambitious investors to breathe new life into its halls.
MLS Number: 58379
Date Modified: 07/05/2024
Listed by: Hideaways Real Estate