249 Collins Ave, Miami Beach, FL 33139
- $16,000,000
- List Price
- $16,000,000
- MLS#
- A11893497
- Lot Size
- 13,000
- Subtype
- Income/MultiFamily
- County
- Miami-Dade
- Community
- Not Found
- Year Built
- 1920
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.
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Additional Information
- Status Label
- ACTIVE
- Total Unitsin Complex
- 17
- Boat Service
- Building & Land
- Construction
- Stucco
- Lot Description
- Central Business District, City Location
- Parking
- Other
- Roof
- Built-Up
- Security
- Security Fence
- Taxes
- $93,460
- Total Floors
- 2
- Stories
- 2
- Roofing
- Built-Up
- Boat Services
- Building & Land
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Listing Courtesy Of BHHS EWM Realty, Contact: ben@brissigroup.com