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    604 Collins Ave Miami Beach, FL 33139

    For Sale
    $13,770,000

    Prime Collins Ave Retail, Miami Beach

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional investment opportunity presents a chance to acquire a prime retail property located at 604 Collins Avenue in the vibrant heart of South Beach, Miami Beach, Florida. The property, built in 1930, is offered at an asking price of $13,770,000. This sale includes the property at 604 Collins Ave and also includes 215 6th Street. The property boasts a highly desirable location within a bustling commercial district, offering significant potential for high returns. Its prime location ensures excellent visibility and accessibility for businesses, attracting a large volume of foot traffic. The property's existing structure presents a solid foundation for a variety of retail ventures, and importantly, it already has pre-approval for new construction. This pre-approval significantly streamlines the development process, reducing potential delays and costs associated with obtaining necessary permits and approvals. The property's location in Miami-Dade County, Florida, with a zip code of 33139, places it within a thriving economic area known for its tourism and high-end retail market. The coordinates are 25.7757455 latitude and -80.1329627 longitude. This is a rare opportunity to acquire a strategically positioned retail property in one of Miami Beach's most sought-after locations, offering significant upside potential for savvy investors.

    Property Features for 604 Collins Ave

    General Information

    Property type
    Retail properties

    Building Details

    Year Built
    1930

    HighLights

    • Asking Price: $13,770,000
    • Property Type: Retail
    • Year Built: 1930
    • Location: 604 Collins Ave, Miami Beach, FL 33139
    • Includes adjacent property at 215 6th Street.
    • Pre‑approved for new construction.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Dental Office Spa & Massage Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1329627
    Latitude
    25.7757455

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    FAQs

    What type of property is this?
    Retail property - Prime Collins Ave Retail, Miami Beach
    Where is this retail property located?
    The property is located at 604 Collins Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $13,770,000.
    What are key features of this property?
    This property features: Asking Price: $13,770,000; Property Type: Retail; Year Built: 1930
    Request Owner's contact information
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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
    604 Collins Ave Miami Beach, FL 33139
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