South Beach Condo Units
For Sale
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441 Collins Ave, Miami Beach, FL 33139
Portfolio of six condo units in prime South Beach location.
Property Size2,580 SF
Lot Size0.45 Acres
Price / SF$695.35
Days on Market1510
Property Features for 441 Collins Ave
General Information
Standard status
Active
Size
2,580 SF
Class
B
Lot size
0.45 Acres
Property subtype
Multifamily
Zoning
RPS-3
Occupancy
100%
Investment Type
Redevelopment
Building Details
Year Built
1965
Buildings
1
Stories
2
Units
6
Listing Agency:
Porosoff Group
Listed By:
Arthur Porosoff · License #3160379
(305) 209-8866
Source:
Crexi
Added: Jul 21, 2022
Changed: Aug 22
Last Checked: Sep 7 at 5:11AM
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 Porosoff Group
Investment Insights
Based on property information with market context.
This offering presents the opportunity to acquire six condo units out of thirty total units at the Southern Star Condo, located at the signalized corner of Collins Avenue and 5th Street. The available units include numbers 2, 5, 7, 10, 12A, and 19. Units 2, 5, 7, and 19 each offer 420 rentable square feet, while units 10 and 12A each provide 450 rentable square feet. The property is positioned on a 19,500 square foot lot zoned RPS-3. Constructed in 1965, the existing zoning allows for short-term rentals, despite being located in the 'South of Fifth' neighborhood. Redevelopment potential exists with a 1.75 FAR, potentially yielding 34,125 square feet of floor area, which could accommodate 70 to 75 rooms, 3,500 square feet of retail space, and 35 parking spaces. The location benefits from high traffic and foot traffic, situated on one of South Beach's busiest corridors. The Miami Beach Convention Center, recently renovated and expanded, is expected to attract numerous events. Several new developments are underway in the immediate vicinity.
Key Highlights
- Strategic location on a hard‑signalized corner of Collins Avenue and 5th Street, a high‑traffic South Beach intersection, providing excellent visibility.
- Zoned RPS‑3, allowing for short‑term rentals, a unique advantage in the 'South of Fifth' neighborhood.
- Significant redevelopment potential with 1.75 FAR, allowing for a larger building with approximately 70‑75 rooms, 3,500 SF retail, and 35 parking spaces.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
4,694
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
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - Portfolio of six condo units in prime South Beach location.
Where is this apartment building located?
The property is located at 441 Collins Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,794,000.
What are key features of this property?
This property features: Strategic location on a hard‑signalized corner of Collins Avenue and 5th Street, a high‑traffic South Beach intersection, providing excellent visibility.; Zoned RPS‑3, allowing for short‑term rentals, a unique advantage in the 'South of Fifth' neighborhood.; Significant redevelopment potential with 1.75 FAR, allowing for a larger building with approximately 70‑75 rooms, 3,500 SF retail, and 35 parking spaces.
