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Mario Chirino I Solis Chirino Group

mario.chirino@elliman.com +1(786) 253-7653

$ 16,000,000

Est. payment -/mo

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Active

249 Collins Ave Miami Beach, FL 33139

16,421 SqFt

UPDATED:

Key Details

Property Type Multi-Family, Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 16,421 sqft

Price per Sqft $974

MLS Listing ID A11893497

Style Detached

HOA Y/N No

Year Built 1920

Annual Tax Amount $93,460

Tax Year 2024

Lot Size 0.298 Acres

Property Sub-Type Multi Family

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.

Location

State FL

County Miami-dade

Area 32

Exterior

Roof Type Built-Up

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Architectural Style Detached

Level or Stories Two

Structure Type Stucco

Others

Tax ID 02-42-03-003-0420

Security Features Fenced

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11893497

Miami Association of Realtors (SEFMIAMI MLS)

Listed by BHHS EWM Realty

Mario Chirino I Solis Chirino Group

Real Estate Professionals | License ID: 3055493

+1(786) 253-7653

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Mario Chirino I Solis Chirino Group

249 Collins Ave Miami Beach, FL 33139

Key Details

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Exterior

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249 Collins Ave

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