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Property profile & analytics
FOR SALE
Outlet malls

604 Collins Ave Miami Beach, FL 33139

2,996 SF 0.16 ac lot Built 1930
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Property ID
US18-3245594
604 Collins Ave, Miami Beach, FL 33139 For Sale
$9,900,000 2,996 SF
604 Collins Ave, Miami Beach, FL 33139
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Property summary
AI-generated overview

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 profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1930
Construction CONCRETE
Total area 2,996 SF
Lot 0.16 ac (7,000 SF)
Zoning code 6501:COMMERCIAL
APN 02-4203-004-0790
UPID US18-3245594
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$6.50M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$6.50M
Owner & transaction history
Mms 600 Collins LLC · 1 yrs held
Mms 600 Collins LLC
since 2024
Last sale
$6.5M
5 recorded transactions
2024
Price N/A
2022
$6.5M
2014
$6.9M
2013
Price N/A
2010
Price N/A
Zoning & alternative use
6501:COMMERCIAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building $7.5M +7.6%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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