For Sale
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.
Basic Details
Condominium:
Property Type:
Commercial Sale
Listing Type:
For Sale
Listing ID:
A11893497
Price:
$16,000,000
Property Sub Type:
Income/multifamily
Features
Security
Security Fence,
Parking
Other,
Address Map
Country:
US
State:
FL
County:
Miami-Dade County
City:
Miami Beach
Zipcode:
33139
Street:
Collins Ave
Street Number:
249
Longitude:
W81° 51' 59.5''
Latitude:
N25° 46' 18.5''
MLS Addon
BuildingAreaTotal:
16,421 Sqft
BuildingAreaUnits:
Square Feet
ConstructionMaterials:
Stucco
CurrentUse:
Income Non-Waterfront
LeaseAssignableYN:
No
LeaseTerm:
Month To Month
LivingAreaUnits:
Square Feet
LotFeatures
City Location, Central Business District,
LotSizeSquareFeet:
13,000 Sqft
LotSizeUnits:
Square Feet
MapCoordinate:
-80.13348,25.771817
MlsStatus:
Active
NumberOfBuildings:
1
NumberOfUnitsTotal:
17
OriginalListPrice:
$16,000,000
Roof:
Built-Up
SpecialListingConditions:
Sale
StoriesTotal:
2
StructureType
Retail, Commercial, Free Standing,
PhotosChangeTimestamp:
10/10/2025 17:38:22
Agent Info
|
Andres Jara
|
786.608.7005 - -
Andres Jara, P. A.