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Freestanding Commercial Opportunity at 721 Collins Avenue

Freestanding Commercial Opportunity at 721 Collins Avenue
FOR SALE
View more

$6,800,000

721 Collins Avenue, MIAMI BEACH, FL 33139

6,841 SF

Square Feet

$994

PPSF

Property Description

Rare Freestanding Commercial Opportunity on Collins Avenue in South Beach

721 Collins Avenue offers a unique opportunity to acquire a freestanding mixed-use commercial property in Miami Beach’s South Beach Entertainment District, just blocks from Ocean Drive and the beach.

Situated on an approximately 7,000 SF lot, the two-story property features approximately 5,400 SF of rentable area, approximately 6,841 SF of total building area, and approximately 50 feet of frontage along Collins Avenue. Additional features include 12-foot ceiling heights, north and south entrances, and MXE (Mixed Use Entertainment) zoning.

The property may appeal to investors and owner-users seeking a prominent South Beach location for retail, showroom, gallery, office, or other potential uses, subject to applicable zoning, permitting, governmental approvals, and independent purchaser verification.

A conceptual zoning and feasibility study prepared by Deforma Studio is also available upon request. The study illustrates a potential mixed-use hospitality redevelopment concept incorporating hotel accommodations, residential units, rooftop amenities, and ground-floor hospitality uses. The study is provided for informational purposes only, and all future development plans, uses, entitlements, permitting requirements, and approvals are subject to purchaser verification and independent due diligence.

Offered at $6,800,000.

All information is believed to be accurate but is not guaranteed and is subject to errors, omissions, prior sale, withdrawal, or change without notice. Buyers and their representatives should independently verify all property information, zoning, permitted uses, dimensions, development potential, and governmental requirements.


Property Details

Asset Type

Retail

Year Built

1999

Zoning

6501

Lot Size

7,000 SF

Neighborhood

MIAMI BEACH

Submarket

Miami Beach

ZIP

33139

Listing Type

sale

Net Operating Income (NOI)

$0

Debt Service Coverage Ratio (DSCR)

0.00x

Cap Rate

0.00%

Cash Flow (Annual)

-$386,826

Cash-on-Cash Return

-22.75%

Monthly Debt Service

$32,235

Annual Debt Service

$386,826

View on Map

Address

721 Collins Avenue

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Miami Beach Retail Market Snapshot

Boundary boundary · Retail · Sale

No investors found in this market.

Contact the Listing Team

Angelica Cruz

Angelica Cruz

Realtor Associate

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Angelica Cruz

Angelica Cruz

Realtor Associate

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Call