Miami Beach, FL 33139 249 Collins Ave
$16,000,000
23 more
Presented By: This listing is courtesy of BHHS EWM Realty
Beds • 17
Baths • 17
SQFT • 16,421
Home Details
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.
Presented By: This listing is courtesy of BHHS EWM Realty
Interior Features for 249 Collins Ave
Bedrooms
Total Bedrooms17
Bathrooms
Total Baths
General for 249 Collins Ave
Architectural StyleDetached
AttributionContact[email protected]
CityMiami Beach
Construction MaterialsStucco
CountyMiami-Dade
Full Baths17
Lease Considered Y/NNo
Legal DescriptionOCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1
LevelsTwo
Listing TermsCash, Conventional
Lot Size Square Feet13000
Lot Size UnitsSquare Feet
MLS Area42
Number Of Units Total17
Occupancy TypeTenant
Ok to LeaseMonth To Month
PossessionClosing & Funding
PostalCityMiami Beach
Property Sub Type AdditionalMulti Family
Property SubtypeMulti Family
Property TypeCommercial Sale
RoofBuilt-Up
Security FeaturesFenced
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Tax Annual Amount93460
Tax Year2024
Virtual TourClick here
Year Built1920
Year Built DetailsResale
Zoning Description3003
Exterior for 249 Collins Ave
Building Area Total16421
Covered Spaces
Lot Size Area13000
Number of Buildings1
Number of Separate Electric Meters0
Parking FeaturesOther
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Karen Garcia
Realtor®
