Mixed-Use Property with Redevelopment
For Sale
$16,000,000
249 Collins Avenue, Miami Beach, FL 33139
The existing residential and retail mix is accompanied by a studied concept for expanded development under RPS-3 zoning.
Property Size16,421 SF
Lot Size0.30 Acres
Days on Market362
Property Features for 249 Collins Avenue
General Information
Standard status
Active
Size
16,421 SF
Lot size
0.30 Acres
Property subtype
Multi Family
Zoning
RPS-3
Additional Details
Gross Income
$467,900
Multifamily Units
15
Taxes and HOA fees
Annual Taxes
$93,460
Building Details
Building Size
16,421 SF
Year Built
1920
Tenancy
Multi
Listing Agency:
BHHS EWM Realty
Listed By:
Ben Brissi · License #3288847
(561) 870-2211
Source:
Silverleafrealtygroup
Added: Oct 10, 2025
Changed: Oct 2
Last Checked: Oct 5 at 9:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHHS EWM Realty
Investment Insights
Based on property information with market context.
This South of Fifth property spans 13,000 square feet across 249 Collins Ave, 255 Collins Ave and 247 Ocean Ct. Improvements date to 1920 and include 15 apartments and 2 retail spaces. The property is zoned RPS-3.
A development feasibility study outlines a potential five-story project with 26 residential units and 22,750 square feet of buildable area without variances. The property combines existing residential and retail uses with this studied redevelopment configuration.
A development feasibility study outlines a potential five-story project with 26 residential units and 22,750 square feet of buildable area without variances. The property combines existing residential and retail uses with this studied redevelopment configuration.
Key Highlights
- 13,000‑square‑foot parcel across 249 Collins Ave, 255 Collins Ave and 247 Ocean Ct
- Existing improvements include 15 apartments and 2 retail spaces
- Feasibility study outlines 26 residential units and 22,750 square feet of buildable area without variances
Property Analytics
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Current Use
Lease Details
15
Residential units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
3,940
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - The existing residential and retail mix is accompanied by a studied concept for expanded development under RPS-3 zoning.
Where is this mixed-use property located?
The property is located at 249 Collins Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $16,000,000.
What are key features of this property?
This property features: 13,000‑square‑foot parcel across 249 Collins Ave, 255 Collins Ave and 247 Ocean Ct; Existing improvements include 15 apartments and 2 retail spaces; Feasibility study outlines 26 residential units and 22,750 square feet of buildable area without variances
