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About This Home
This 0-bedroom, 0-bathroom commercial at 249 Collins Ave in Miami Beach, FL is listed for $16,000,000. Built in 1920, on a 0.30 acres lot.
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.
Key Features
- Built in 1920
- 0.30 acre lot
Property Details
Monthly Cost Estimate
$85,571/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
249 Collins Ave
Miami Beach, FL 33139
Property Details
Construction
Parking
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 249 Collins Ave is listed at $16,000,000. The estimated monthly payment is $69,333 based on 20% down at 6.5% interest.
Key features include: Built in 1920, 0.30 acre lot.
This property is listed by Ben Brissi and can be reached at 5618702211 or ben@brissigroup.com.
