Ground-Floor Retail
860 Collins Ave, Miami Beach, FL 33139
For Sale
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Flexible commercial space with prominent frontage and strong pedestrian access in a hospitality-focused district.
Property Size22,198 SF
Days on Market53
Property Features for 860 Collins Ave
General Information
Standard status
Size
Property subtype
Building Details
Building Size
Year Built
Year Renovated
Listing Agency:
The Keyes Company
Listed By:
Rey Figueroa CCIM · License FL #3043933
(305) 213-1163
Source:
Commercialcafe
Added: Sep 21
Changed: Nov 2
Last Checked: Nov 12 at 4:33AM
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 The Keyes Company
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Investment Insights
Based on property information with market context.
This ground-floor retail property encompasses approximately 5,000 SF at 860 Collins Avenue. The space has a flexible layout and frontage suited to retail, restaurant or café, showroom, gallery, wellness, beauty, boutique fitness, pharmacy, coworking lounge, and professional office concepts. The building dates to 1934.
The property occupies the Collins Avenue corridor at 9th Street in Miami Beach’s historic Art Deco District, one block from Ocean Drive and the Atlantic Ocean. Hotels, restaurants, luxury retail, residential buildings, and entertainment venues surround the site. The area carries a Walk Score of 98 and benefits from steady pedestrian and visitor activity. MacArthur Causeway and I-395 provide connections to Downtown Miami, the Port of Miami, Brickell, and Miami International Airport.
The property occupies the Collins Avenue corridor at 9th Street in Miami Beach’s historic Art Deco District, one block from Ocean Drive and the Atlantic Ocean. Hotels, restaurants, luxury retail, residential buildings, and entertainment venues surround the site. The area carries a Walk Score of 98 and benefits from steady pedestrian and visitor activity. MacArthur Causeway and I-395 provide connections to Downtown Miami, the Port of Miami, Brickell, and Miami International Airport.
Key Highlights
- Approximately 5,000 SF of ground‑floor commercial space
- 860 Collins Avenue at the intersection of Collins Avenue and 9th Street
- Walk Score of 98 in Miami Beach’s historic Art Deco District
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$269,598
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,391,960
$5.4M
Cap Rate 7%
$3,851,400
$3.9M
Cap Rate 9%
$2,995,533
$3.0M
Market Conditions
NOI Build-Up for 22,198 SF
Gross rent
$407.6K $18.36/SF
− Vacancy
−$22.4K −$1.01/SF
EGI
$385.1K $17.35/SF
− OpEx
−$115.5K −$5.21/SF
NOI
$269.6K $12.15/SF
Area
Miami-Dade County, FL
Vacancy
5.50%
Lease Rate
$18.36 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,391,960
Cap Rate 7%
$3,851,400
Cap Rate 9%
$2,995,533
Alternative Uses
Best Use
Retail
$3.85M
$3.37M – $4.49M
NOI $269,598 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$12.12M
$10.61M – $14.14M
NOI $848,525 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
5,811
Businesses Nearby
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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
$480,500
Median Home Value
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Market
Average Price Trend$/SF for Retail space in Miami Beach, FL
Properties on Market for Retail space in Miami Beach
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial space with prominent frontage and strong pedestrian access in a hospitality-focused district.
Where is this retail space located?
The property is located at 860 Collins Ave Miami Beach, FL.
What are key features of this property?
This property features: Approximately 5,000 SF of ground‑floor commercial space; 860 Collins Avenue at the intersection of Collins Avenue and 9th Street; Walk Score of 98 in Miami Beach’s historic Art Deco District
