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.
Features
- Sewer
Address Map
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami Beach
- Zipcode:
- 33139
- Street:
- 249 Collins Ave, Miami Beach, Florida 33139
- Longitude:
- W81° 51' 59.7''
- Latitude:
- N25° 46' 18.4''
MLS Addon
- Cumulative DOM:
- 165
- DOM:
- 165
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Listing Terms:
- Cash, Conventional
- Lot Features
- LotSize Dimensions:
- 102x129
- Parcel Number:
- 02-42-03-003-0420
- Subdivision Name:
- OCEAN BEACH FL SUB
- Tax Annual Amount:
- $93,460
- Tax Year:
- 2024
- Utilities
- Virtual Tour:
- Click Here
Land For Sale
249 Collins Ave, Miami Beach, Florida 33139, Miami Beach, Florida 33139
13,000 Sqft
$16,000,000
MLS # #A11889965
Basic Details
- Property Type :
- Land
- Listing Type :
- For Sale
- Price :
- $16,000,000
- Lot Area :
- 13,000 Sqft
- MLS # :
- A11889965
- Property Sub Type :
- Residential
