Freestanding Commercial Opportunity at 721 Collins Avenue
$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
Log in to see street view
Get exclusive comps and insights by logging in - it's free!
Miami Beach Retail Market Snapshot
Boundary boundary · Retail · Sale
No investors found in this market.