Commercial Land Active
249 Collins Ave, Miami Beach FL 33139
  • $16,000,000

Overview

MLS ID: A11889965

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.

Details

Updated on January 30, 2026 at 10:00 am
  • MLS ID A11889965
  • Price $16,000,000
  • Land Area 0.2984 Square Feet
  • Property Type Residential
  • Property Status Commercial Land

Additional details

  • MLS Status Active
  • Building Name OCEAN BEACH FL SUB
  • Building Area Units Square Feet
  • Building Features Alley
  • Elevation 5
  • Lot Features Beach Area, City Location, Less Than 1 Acre
  • Lot Size Square Feet 13000
  • Lot Size Dimensions 102x129
  • Frontage Length 102
  • Road Frontage Type Public Road
  • Sewer Public Sanitation
  • Water Source Municipal Water
  • Zoning 3003
  • Tax Annual Amount 93460
  • Tax Year 2024
  • Possession Funding
  • Days On Market 118

Address

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  • Address: Collins Ave
  • City: Miami Beach
  • State/county: Miami-Dade County
  • Zip/Postal Code: 33139

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