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    South Beach Condo Units Portfolio Title is generated by Realmo AI

    441 Collins Ave, Miami Beach, FL 33139

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    Portfolio of six condo units in prime South Beach location.

    Type:Multifamily
    Property size:
    2,580 SF
    Lot size:
    0.45 Acres
    Price / SF:
    $695/SF
    Added:
    Jul 21, 2022
    Days on Market:
    1419
    Last Refresh:
    May 19 at 9:38 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

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    Listing Contact
    Arthur Porosoff

    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

    HighLights

    • 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.
    • Located in South Beach, a popular tourist destination experiencing booming economic growth and development.
    • Proximity to the Miami Beach Convention Center, recently renovated for $620 million, attracting numerous events.
    • Opportunity to acquire 6 condo units (2, 5, 7, 10, 12A, and 19) within the Southern Star Condo, with potential for assembling remaining units.

    Overview

    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 ...

    Suggested Use

    Law Firm Real Estate Agency Dental Office Spa & Massage Center 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
    -80.132764
    Latitude
    25.774206

    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.
    More about this property
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