441 Collins Ave Miami Beach, FL 33139
Portfolio of six condo units in prime South Beach location.
Type:Multifamily
Property size:
2,580 SFLot size:
0.45 AcresPrice / SF:
$695/SF- Added:
- Jul 21, 2022
- Days on Market:
- 1374
- Last Refresh:
- Mar 17 at 1:15 pm
Property Features for 441 Collins Ave
General Information
- Standard status
- Active
- Size
- 2,580 SF
- Lot size
- 0.45 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1965
Listing agent Arthur Porosoff License #3160379
Listing office Porosoff Group
Listing date Jul 21, 2022
Source Crexi
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
Overview
South Beach Condo Units Portfolio
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.
Location Intelligence
Current Use by Public Records
Short term rental ...
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.132764
- Latitude
- 25.774206
Nearby Similar for Sale
FAQs
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.
