249 Collins Ave Miami Beach FL 33139 (A11889965)
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Overview of Parcel 02-42-03-003-0420
Ultra rare south of fifth development opportunity! This 13,000 sf lot includes 249 collins ave, 255 collins ave & 247 ocean ct. Existing improvements feature 15 apartments + 2 retail spaces producing $467,900 gross annually with rents well below market. A development feasibility study confirms the potential to build up to 5 stories with 26 residential units and 22,750 sf of buildable area without variances. Potential to increase this even more by taking advantage of the live local act or other state, county, & city development bonuses. Exceptional chance to create a new project in miami beach's most coveted neighborhood, blending immediate income with prime development upside.
Please contact your ZFC agent for more information about MLS# AX-11889965 or any other land for sale in Miami Beach or elsewhere in the Miami-Dade County area.
Parcel 02-42-03-003-0420 Price Calculator
The payment calculator figures for Parcel 02-42-03-003-0420 should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this land for sale are estimated based on the actual property taxes for this property for the tax year 2024 which are $93,460 but will likely change when this land sells. These estimations are calculated from a list price of $16,000,000 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the land characteristics and location.
Recent Land Sales near Parcel 02-42-03-003-0420
MLS# AX-11889965 Listing History
Map of Parcel 02-42-03-003-0420 Miami Beach FL 33139
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