Landmarked Mixed-Use Hospitality
New
For Sale
$20,000,000
727 Collins Ave, Miami Beach, FL 33139
Landmarked four-story property combines hospitality units with vacant ground-floor retail space on Collins Avenue.
Property Size23,356 SF
Price / SF$856.31
Days on Market4
Property Features for 727 Collins Ave
General Information
Standard status
Active
Size
23,356 SF
Property subtype
Commercial
Zoning
MXE
Net Operating Income
$966,000
Financials
Cap Rate
4.83%
Gross Income
$1,080,000
Building Details
Building Size
23,356 SF
Year Built
1930
Buildings
1
Stories
4
Tenancy
Multi
Listing Agency:
Fausto Commercial Realty Consultants Inc
(786) 378-1850
Listed By:
Antonio Saladrigas · License #A12071932
(786) 378-1850
Source:
Elliman
Added: Aug 15
Changed: Aug 16
Last Checked: Aug 18 at 9:06AM
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
Built in 1930 and fully renovated, this four-story mixed-use property contains 23,356 square feet with 25 residential/hospitality units and approximately 4,800 square feet of clear-span retail space at street level. The landmarked building offers a distinct hospitality-oriented configuration, while the ground-floor commercial area is currently vacant.
Floors two through four are subject to a master hospitality lease that begins in January 2026 and has 9.4 years of remaining term. The lease structure places core building utilities and operating expenses with the operator, while ownership remains responsible for real estate taxes and insurance. The property is zoned MXE and located at 727 Collins Ave in Miami Beach, within the lower Collins Avenue corridor. Walk Score is 66, Bike Score is 49, and Transit Score is 37.
Floors two through four are subject to a master hospitality lease that begins in January 2026 and has 9.4 years of remaining term. The lease structure places core building utilities and operating expenses with the operator, while ownership remains responsible for real estate taxes and insurance. The property is zoned MXE and located at 727 Collins Ave in Miami Beach, within the lower Collins Avenue corridor. Walk Score is 66, Bike Score is 49, and Transit Score is 37.
Key Highlights
- 23,356‑square‑foot, four‑story building originally constructed in 1930
- Fully renovated property with 25 residential/hospitality units
- Approximately 4,800 square feet of clear‑span ground‑floor retail
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,318
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 Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Landmarked four-story property combines hospitality units with vacant ground-floor retail space on Collins Avenue.
Where is this mixed-use property located?
The property is located at 727 Collins Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: 23,356‑square‑foot, four‑story building originally constructed in 1930; Fully renovated property with 25 residential/hospitality units; Approximately 4,800 square feet of clear‑span ground‑floor retail
