604 Collins Ave Miami Beach, FL 33139
- Outlet malls
- 2,996 SF
- 0.16 lot acres
Current Use by Public Records
- Outlet malls
Property Details for 604 Collins Ave
- Year built
- 1930
- Construction
- CONCRETE
- Lot size
- 0.16 lot acres
- Property size
- 2,996 SF
- Zone code
- 6501:COMMERCIAL
- Property type
- Outlet malls
- APN
- 02-4203-004-0790
- APU
- 242030040790
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $6,500,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $6,430,000
- 6.5%
- $6,805,000
- 7%
- $6,925,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $6,900,000
- Geo Method
- $6,045,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $8,105,000
- Retail
- $5,995,000
- Mixed-Use
- $7,335,000
- Hospitality
- $6,140,000
- Educational
- $8,340,000
- Residential Income
- $6,675,000
- Energy
- $6,290,000
- Income-Based Land
- $6,870,000
- Food Service
- $6,825,000
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.133
- Latitude
- 25.7758
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
