6979 Collins Ave Miami Beach, FL 33141-3205
- Hotels
- 21,377 SF
- 0.32 lot acres
Jan 30, 2025
Current Use by Public Records
- Hotels
Property Details for 6979 Collins Ave
- Year built
- 1936
- Construction
- CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 21,377 SF
- Zone code
- 4100:MULTI-FAMILY,101+U/A
- Property type
- Hotels
- APN
- 02-3211-002-0710
- APU
- 232110020710
Description
This exceptional 63-key oceanfront hotel in Miami Beach, Florida presents a unique investment opportunity. Located at 6979 Collins Ave, this 5-story, 21,377 square foot property sits on a 14,150 square foot lot (APN 02-3211-002-0710) and boasts a prime location in the highly desirable 33141 zip code. Built in 1936, the hotel offers significant potential for both immediate income generation and future development. The current asking price is $30,000,000, translating to $1,403.38 per square foot. The property is zoned 4100, allowing for substantial expansion. A key advantage is the possibility of adding approximately 14,000 square feet to the existing structure or combining it with an adjacent property to create a luxury condominium project with a floor area ratio (FAR) of 3.0, potentially resulting in a total unit count of around 150. This represents a rare chance to acquire an oceanfront property in Miami Beach with both immediate income potential and significant long-term development upside. This is likely the last opportunity to own a hotel of this kind on the ocean in Miami Beach. Detailed property photos are forthcoming.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $710,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $595,000
Market price range: $431k - $994k
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1199
- Latitude
- 25.8557
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
