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249 Collins Ave
Miami Beach, FL
Listing Details
- $16,000,000
- MLS# A11893497
- Type Commercial - Industrial
- Status Active
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 Beachs most coveted neighborhood, blending immediate... Read more
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Luxury Homes Specialist
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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/03/2026. The listing information on this page last changed on 08/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 08/03/2026 12:00:29 AM EST) or Miami MLS (last updated Sat 08/01/2026 12:29:12 AM EST) or Stellar MLS (last updated Sun 08/02/2026 11:44:34 PM EST) or SPC MLS (last updated Sun 08/02/2026 11:20:54 PM EST) or Martin MLS (last updated Sun 08/02/2026 11:38:10 PM EST) or Indian River MLS (last updated Sun 08/02/2026 11:30:09 PM EST) or Northeast Florida MLS (last updated Sun 08/02/2026 11:58:55 PM EST) or Beaches MLS (last updated Sun 08/02/2026 11:57:02 PM EST) or Naples MLS (last updated Sun 08/02/2026 11:40:18 PM EST) or PBI MLS (last updated Sun 08/02/2026 11:21:11 PM EST) or Florida Keys MLS (last updated Sun 08/02/2026 8:29:35 PM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 08/03/2026. The listing information on this page last changed on 08/03/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 08/03/2026 12:00:29 AM EST) or Miami MLS (last updated Sat 08/01/2026 12:29:12 AM EST) or Stellar MLS (last updated Sun 08/02/2026 11:44:34 PM EST) or SPC MLS (last updated Sun 08/02/2026 11:20:54 PM EST) or Martin MLS (last updated Sun 08/02/2026 11:38:10 PM EST) or Indian River MLS (last updated Sun 08/02/2026 11:30:09 PM EST) or Northeast Florida MLS (last updated Sun 08/02/2026 11:58:55 PM EST) or Beaches MLS (last updated Sun 08/02/2026 11:57:02 PM EST) or Naples MLS (last updated Sun 08/02/2026 11:40:18 PM EST) or PBI MLS (last updated Sun 08/02/2026 11:21:11 PM EST) or Florida Keys MLS (last updated Sun 08/02/2026 8:29:35 PM EST). Real estate listings held by brokerage firms other than Illustrated Properties may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.
Privacy Policy / DMCA Notice / ADA Accessibility
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All Property Features
- Property Type: Commercial - Industrial
- Crops Included Y/N: No
- Days on Site: 297
- Exterior: Stucco
- Fenced: Yes
- Home Warranty Y/N: No
- Lease Considered Y/N: Yes
- Lease Terms: Month To Month
- Listing Terms: All Cash, Conventional/Refinance
- Lot Description: Central Business District, City Location
- Lot Size: 0.30 Acres
- Parcel#: 02-42-03-003-0420
- Parking: Other
- Parking Notes: Other
- Property Attached Y/N: No
- Property Sub-Type: Income/MultiFamily
- Roof Type: Built-Up
- Security: Security Fence
- Sewer: Public Sanitation
- Stories: 2.0
- Taxes: $93,460
- Water: Public
- Year Built: 1920