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249 Collins Ave, Miami Beach FL 33139

Commercial For Sale
$16,000,000

BTC: 185.29241459

ETH: 5,468.21599453

77 days
0 room(s)
Est. Estimated sales range: $0 - $0
$0

Overview

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.

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Facts and features

Type:
Commercial Sale
Parking:
Other
Year Built:
1920
Lot:
13000 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data
All facts and features

  • Parking

    • Other

    Lot

    • Lot: 13000 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-003-0420

    • Zoning: 3003

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Income/MultiFamily

  • Other financial information

    • Annual tax amount: $93,460

  • Source details

    • MLS ID: A11893497

    Other facts

    • Construction Materials: Stucco

    • Lot Features: Central Business District / City Location

    • Water Source: Public

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS EWM Realty