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721 Collins Ave, Miami Beach FL 33139

Commercial For Sale
$6,800,000

BTC: 107.93650794

ETH: 3,863.63636364

2 days
0 room(s)

Overview

Exceptional opportunity to acquire a free-standing mixed-use commercial building in the heart of South Beach at 721 Collins Avenue. Located just steps from Ocean Drive, this iconic two-story property offers approximately 6,841 SF on a 7,000 SF lot with dual access from Collins Avenue and Ocean Court. Zoned MXE (Mixed-Use Entertainment), the property allows for a wide variety of retail, restaurant, hospitality, office, gallery, wellness, and experiential concepts. Features include approximately 50 feet of frontage, 12-foot ceilings, two bathrooms, kitchenette, storage area, and outstanding visibility in one of Miami Beach’s most dynamic pedestrian corridors.

Location

Florida • Miami Beach • 33139 • Commercial • For Sale

Details

Type:
Commercial Sale
Parking:
No Data
Year Built:
1999
Lot:
7000 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
Central Building A/C
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$1,399,000
$1.2M – $3.9M
Confidence Low
List vs. estimate
$5.4M above estimate
List $6,800,000 · +386.1%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
7 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $273K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.
All facts and features

  • Cooling

    • Central Building A/C

  • Lot

    • Lot: 7000 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-004-0220

    • Zoning: 6501

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Source details

    • MLS ID: A12038115

    Other facts

    • Construction Materials: Concrete Block Construction / CBS Construction / Stucco

    • Lot Features: Central Business District / City Location

    • 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
33139
1,068
median $572K
Active
Same city
Miami Beach
2,639
median $629K
Active
Same type
Commercial
164
median $1.9M
Active
Similar price
$4.8M – $8.8M
144
median $6.3M
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: Cervera Real Estate Inc.