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    8918 Collins Ave Surfside, FL 33154

    For Sale
    $12,000,000

    Prime location, 19-unit multifamily, redevelopment potential.

    Property size:
    23,850 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    364
    This exceptional redevelopment opportunity encompasses four lots totaling 23,850 square feet, situated at 8918 Collins Ave, Surfside, FL 33154. The property includes two existing two-story multifamily buildings, comprising a total of 19 units, currently boasting 100% occupancy and generating an average rent of $1,350 per unit. Built in 1940 and renovated in 2010, these buildings offer immediate income potential while presenting significant upside for redevelopment. The property also features 10 parking spaces. The asking price is $12,000,000, translating to $503.14 per square foot and $631,579 per unit. The site benefits from a prime location, just one block from the beach and prestigious developments such as Arte, The Surf Club Four Seasons Hotel and Residences, Fendi Chateau Residences, and 87 Park. The permitted zoning, H40, allows for multi-family residential uses. Property tax folios include 14-2235-005-0240, 14-2253-005-0190, and 14-2235-005-0230. This is a rare chance to acquire a substantial development site in one of Miami's most desirable neighborhoods. The property is owned by a corporation and is offered for sale by owner.

    Property Features for 8918 Collins Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    23,850 SF

    Building Details

    Year Built/Renovated
    1940/2010
    Buildings
    2
    Stories
    2
    Units
    19

    HighLights

    • Exceptional redevelopment opportunity in Surfside, FL. Four lots totaling 23,850 square feet, located at 8918 Collins Ave.
    • Two existing two‑story multifamily buildings with 19 units, 100% occupied, averaging $1,350/month rent. Built in 1940, renovated in 2010.
    • Prime location, one block from the beach, near luxury developments (Arte, Surf Club Four Seasons, Fendi Chateau, 87 Park).
    • H40 zoning allows multi‑family residential use. Tax folios: 14‑2235‑005‑0240, 14‑2253‑005‑0190, 14‑2235‑005‑0230.
    • Asking price: $12,000,000 ($503.14/SF, $631,579/unit). Includes 10 parking spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Food Market Clothing Store Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Surfside
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1217688
    Latitude
    25.8752697

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    FAQs

    What type of property is this?
    Multifamily property - Prime location, 19-unit multifamily, redevelopment potential.
    Where is this multifamily property located?
    The property is located at 8918 Collins Ave Surfside, FL.
    What is the asking price?
    The asking price for this property is $12,000,000.
    What are key features of this property?
    This property features: Exceptional redevelopment opportunity in Surfside, FL. Four lots totaling 23,850 square feet, located at 8918 Collins Ave.; Two existing two-story multifamily buildings with 19 units, 100% occupied, averaging $1,350/month rent. Built in 1940, renovated in 2010.; Prime location, one block from the beach, near luxury developments (Arte, Surf Club Four Seasons, Fendi Chateau, 87 Park).
    Request Owner's contact information
    8918 Collins Ave Surfside, FL 33154
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    Surfside, FL 33154
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    8918 Collins Ave Surfside, FL 33154
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