1208 Collins Ave
Miami Beach, FL 33139
Retail Property For Sale

The Olson Kristol Group of Marcus & Millichap is proud to exclusively market for sale 1208 Collins Avenue, an 11,261 square-foot mixed use building located in the heart of the world-famous South Beach Collins Avenue Historic District in Miami Beach, Florida. The property sits on 7,000 square feet of MXE zoned land and is four stories high with a rare roof top deck that is accessible by elevator. The property was built in 2009 and is comprised of four two bedroom/two bathroom penthouse apartment units on the upper two floors that total 5,885 square feet along with an additional 2,320 square feet of terrace space and 2,945 square feet of rooftop deck space. On the ground floor there is a 5,376 square foot flagship retail space with Mezzanine. The property also includes four covered parking spaces as well which is incredibly rare in this market. Currently the owner operates his business in the ground floor retail space and will be vacating upon a sale allowing an investor to re-tenant the space. Upstairs the owner operates the four units as short-term rental apartments, which are highly sought after in the beach side location. The units are on a waiting list and are leased several months in advance averaging between $300-$600 per night depending on the day of the week and what events are going on in the immediate area. Rarely does a non-historic newer construction building come on the market for such a low price per square foot with additional upside in renting or using the vacant flagship retail bay.