Multi Family at 249 Collins Avenue
249 Collins Avenue, Miami Beach, FL 33139
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.
Nearby Synagogues & Location
Listed on ShulSearch · No fees to inquire
Listed by: Ben Brissi 561-870-2211, BHHS EWM Realty
Source: MIAMI REALTORS® MLS · MLS# A11893497
Listing data is provided by participating MLSs and may not reflect all real estate activity in the market. Information is deemed reliable but not guaranteed and should be independently verified. The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.
Distances, travel times, and proximity calculations are approximate and may vary. ShulSearch does not guarantee the accuracy of mapping or location-based results. ShulSearch is not a brokerage and does not represent buyers or sellers.
ShulSearch fully supports the Fair Housing Act and all applicable housing laws and does not discriminate based on race, color, religion, sex, national origin, disability, familial status, or any other protected class.
About this 0-bedroom home in Miami Beach
This Miami Beach home sits about 0.26 miles from Chabad In South Beach (Orthodox) — roughly a 5-minute walk. On ShulSearch every nearby listing is ranked by walk time to shul, so you can find a home in Miami Beach that's genuinely within walking distance of your community.
See all homes near Chabad In South Beach →