249 Collins Ave
$16,000,000
249 Collins Ave, Miami Beach, FL 33139
For Sale
Retail
Active
Last Updated: 10/13/2025
16,421 sqft
Building Size
17
Units
Details:
Building Size: 16,421 sqft
Units: 17
Year Built: 1920
Floors: 2
Highlights:
- Lot Features: Central Business District, City Location
- Number Of Buildings: 1
- Construction Materials: Stucco
- Parking Features: Other
- Security Features: Security Fence
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.
Location
Gallery
