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249 Collins Ave

Miami Beach, FL 33139

$16,000,000
  • 0.30 Acre

249 Collins Ave
Miami Beach, FL 33139

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42 / Miami Beach / FL

Multi Family HIGHLIGHTS

  • Property Type

    Commercial Sale, Multi Family

  • Style

    Detached

  • Year Built

    1920

  • Stories

    2

  • RE Tax

    $93,460

Listing courtesy of Ben Brissi of BHHS EWM Realty.

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.

  • Acres

    0.3 Acres

  • Lot Size

    13,000 Sqft

  • MLS #

    A11893497

  • Property Type

    Multi Family

  • Year Built

    1920

  • Security Features

    Security Fence

  • Architectural Style

    Detached

  • Building Area Total

    16421

  • Construction Materials

    Stucco

  • Levels

    Two

  • Number of Buildings

    1

  • Stories

    2

  • Total Number of Units

    17

  • Total Stories

    2

  • Year Built

    1920

  • Zoning Description

    3003

  • Parking Features

    Other

  • Roof

    Built-Up

  • Annual Taxes

    $93,460

  • Sewer

    Public Sewer

  • Water Source

    Public

in US Dollars

%

Total/Month

  • Principal & Interest
  • Property Taxes (monthly) $7,788

 *The values provided are approximate. For more precise information, please contact a BHS agent who can offer further assistance.

249 Collins Ave

Location

Nearby Points of Interest

  • La Playa Supermarket

    Food Shops, Independent

  • My Ceviche

    Restaurants, Caribbean

  • Big Pink

    Restaurants, American

  • Prime 112

    Restaurants, American

  • Ted's Hideaway

    Nightlife, Independent

Data courtesy of LocalLogic.co

South Beach
Neighborhood

South Beach

South Beach, Miami Beach, FL, is a lively coastal neighborhood known for its iconic beaches, historic Art Deco architecture, and vibrant social and cultural scene. Expansive sandy shores and clear waters make it ideal for swimming,...

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249 Collins Ave

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Information deemed reliable but not guaranteed. Information is provided, in part, by Greater
Miami MLS. This information being provided is for consumer's personal, non-commercial use and may
not be used for any other purpose other than to identify prospective properties consumers may be
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This information being provided is for consumer's personal, non-commercial use and may not be
used for any other purpose other than to identify prospective properties consumers may be interested
in purchasing.