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19390 Collins Ave, Sunny Isles Beach FL 33160

Commercial Recently Sold
$735,000

BTC: 9.18750000

ETH: 294.00000000

Sold on: 2022-06-28
50 days
Waterfront
0 room(s)

Overview

INCOME-PRODUCING RETAIL PROPERTY FOR SALE!! OFFERING MEMORANDUM: https://bit.ly/19390CollinsAveCU3 19390 Collins Ave presents a prime investment opportunity: with current gross income of $4,379/month, property delivers an actual CAP rate of over 6% and potential to double it. Existing strong Lease Agreement protecting the Landlord, allows for 10 years of occupancy and a stable flow of income from the property. Property allows for business expansion and additional business opportunities with prime location on Collins Avenue, lack of retail condo inventory in the area, 45,000 VPD traffic count, easy access to major roads, prestigious complex with total 1200 units across the street from the ocean.

Location

Florida • Sunny Isles Beach • 33160 • Commercial • Recently Sold • Waterfront

Details

Type:
Commercial Sale
Parking:
Assigned / Free Parking / Valet
Year Built:
1971
Lot:
1059 Square Feet
Heating:
Central Electric / Central Building A/C
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
$728

Valuation

Our model vs. what's actually selling nearby.
Estimate
$595,000
$194K – $709K
Confidence Low
List vs. estimate
$155K above estimate
List $750,000 · +26.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
5 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $587K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$444
2021
HOA
$728/yr
Waterfront
Canal Front, Intracoastal Front
Parking
3 spaces
All facts and features

  • Flooring

    • Concrete

    • Vinyl

    Heating

    • Central Electric

    • Central Building A/C

    Cooling

    • Central Building A/C

  • Parking

    • Assigned

    • Free Parking

    • Valet

    Lot

    • Lot: 1059 Square Feet

    Other Property Information

    • Zoning: 4000

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Green energy

    • Lighting

  • Other financial information

    • HOA: $728

    • HOA Frequency: Annually

    • Annual tax amount: $444

  • Source details

    • MLS ID: A11183048

    Other facts

    • Construction Materials: CBS Construction / Insulated

    • Lot Features: Beach Access / City Location / In Residential Area

    • Window Features: Clear Impact Glass

    • Waterfront: Yes

    • Water Source: Public

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

Live counts in the same area.
View all
This zip
33160
1,724
median $599K
Active
Same city
Sunny Isles Beach
1,094
median $699K
Active
Same type
Commercial
13
median $349K
Active
Similar price
$525K – $975K
211
median $715K
Active

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 ©2026-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: AG Real Estate Advisors, LLC