249 Collins AVE, Miami Beach, FL 33139
249 Collins AVE, Miami Beach, FL 33139
249 Collins AVE, Miami Beach, FL 33139
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LivX .

LivX .

+1(973) 221-0545
$16,000,000
Est. payment /mo
16,421 SqFt
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,421 sqft

Price per Sqft $974

MLS Listing ID A11893497

Construction Status Resale

HOA Y/N No

Year Built 1920

Annual Tax Amount $93,460

Tax Year 2024

Lot Size 0.300 Acres

Acres 0.3

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Miami-dade

Area 2420

Zoning 3003

Interior

Interior Features InteriorFeatures

Fireplace No

Exterior

Parking Features Other

Water Access Desc Public

Roof Type Built-Up

Building

Lot Description Central Business District, City Lot, 1/4 to 1/2 Acre Lot

Dwelling Type Retail

Story 2

Sewer Public Sewer

Water Public

Structure Type Stucco

New Construction No

Construction Status Resale

Others

Tax ID 0242030030420

Security Features Security Fence

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11893497

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BeachesMLS, Inc. (FLR) IDX
Listed by Ben Brissi BHHS EWM Realty

NEARBY SCHOOL & BUSINESS

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LivX .

LivX .

+1(973) 221-0545

Broker | License ID: 1859462

Broker License ID: 1859462

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249 Collins AVE