249 Collins Ave, Miami Beach FL 33139

Description of 249 Collins Ave, 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.

Property Details for 249 Collins Ave, Miami Beach FL 33139

Pool Private

No

Building Information for 249 Collins Ave, Miami Beach FL 33139

Building Name

OCEAN BEACH FL SUB

Building Area Units

Square Feet

Association

No

Property Information for 249 Collins Ave, Miami Beach FL 33139

Lot Features

Beach Area, City Location, Less Than 1 Acre

Lot Size Square Feet

13,000

Waterfront

No

Frontage Length

102

View

No

Sewer

Public Sanitation

Water Source

Municipal Water

New Construction

No

Public Records for 249 Collins Ave, Miami Beach FL 33139

Parcel Number

02-42-03-003-0420

Tax Annual Amount

$93,460

Tax Year

2,024

Tax Legal Description

OCEAN BEACH FL SUB PB 2-38 LOTS 14 & 15 BLK 3 LOT SIZE SITE VALUE OR 12960-3089 0686 1

Zoning

3003

County Or Parish

Miami-Dade County

Location