Commercial Sale · Income/MultiFamily
249 Collins Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active308 days on marketListed Oct 10, 2025MLS #A11893497
About this property
The property at a glance
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. RPS-3 Zoning.
16,421
Building sq ft
$974
Price / sq ft
13,000
Lot sq ft
1920
Year built
1
Building
3003
Zoning
Income/MultiFamily
Property type
The numbers
Investment snapshot
Month To Month
Lease term
Estimated payment (illustrative)
Estimated payment
$79,894/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Tyler to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
4,221
Population
$154,293
Median income
56
Median age
2
Avg household
$1,403,275
Median home value
$881/mo
Median rent
304
Households w/ kids
Consumer profile
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
It's all about the grape. This population enjoys a trip to the vineyard to learn about wine and sharing a good bottle with friends and family.
Recent sales
What actually sold near 249 Collins Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$2,400,000
751 Euclid Ave, Miami Beach FL 33139
Sold Dec 11, 2024
$2,200,000
Nearby listing
Sold Jun 18, 2025
$2,100,000
Nearby listing
Sold Nov 14, 2025
Your team
The pros in your corner
Your agent
Tyler Stoddard
REALTOR · CENTURY 21 Edge
Tours, offers, and every question about 249 Collins Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 249 Collins Ave.
See it in person
Schedule a tour
Live availability from Tyler's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of BHHS EWM Realty · Ben Brissi. MLS #A11893497.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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