Basic Information

  • MLS # A11893497
  • Type Commercial
  • Year Built 1920
  • Total Sqft 13,000
  • Date Listed 10/10/2025
  • Days on Market 34
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.

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description Other

Interior Features

  • Adjusted Sqft 13,000Sq.Ft
  • Sqft 13,000 Sq.Ft

Property Features

  • Aprox. Lot Size 13,000
  • Furnished Info No
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $93,460
  • Tax Year 2024

249 Collins Ave

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: BHHS EWM Realty. tel: (954) 349-6200

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