249 Collins Ave, Miami Beach, FL 33139

About This Home

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.

Property Details

Parking Features: Other

Building & Association

Stories: 2
Stories Total: 2
Association: No
Security Features: Security Fence

Lot & Construction

Lot Features: Central Business District, City Location
Lot Size Square Feet: 13,000
Waterfront: No
View: No
Construction Materials: Stucco
Roof: Built-Up
New Construction: No

Public Records

Parcel Number: 02-42-03-003-0420
Tax Annual Amount: $93,460
Tax Year: 2,024
Zoning: 3003
County Or Parish: Miami-Dade County