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For Sale

249 Collins Ave

249 Collins Ave, Miami Beach, FL 33139

$16,000,000

Ultra Rare South of Fifth development opportunity. This 13,000 SF lot includes 249 Collins Ave, 255 Collins Ave & 247 Ocean Ct. Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually with rents well below market. A development feasibility study confirms the potential to build up to 5 stories with 26 residential units and 22,750 SF of buildable area without variances. Potential to increase this even more by taking advantage of the Live Local Act or other state, county, & city development bonuses. Exceptional chance to create a new project in Miami Beach's most coveted neighborhood, blending immediate income with prime development upside. RPS-3 Zoning.

16,421 Sq.Ft. LIVING AREA

0.3 Acres lot

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Features & Amenities

Area & Lot

Status For Sale
Living Area16,421 Sq.Ft.
Total Area16,421 Sq.Ft.
Lot Area0.3 Acres
MLS® IDA11893497
TypeCommercial
YEAR BUILT1920

Exterior

STORIES2
water SourcePublic
roofBuilt-Up
lot featuresCentral Business District, City Location
parkingOther
sewerPublic Sanitation
security FeaturesSecurity Fence

Financial

Sales Price$16,000,000
Real Estate Tax $93,460/yr
Zoning 3003

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249 Collins Ave

$16,000,000

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Scott Shuffield

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