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2206 Park Ave - Approved 120 Key Hotel | Miami Beach 0.18 Acres of Commercial Land Offered at $16,500,000 in Miami Beach, FL 33139
Investment Highlights
- Premier Location – Prime corner location in the Collins Park Cultural District, close to the Miami Beach Convention Center, luxury hotels and resident
- Excess FAR – The property benefits from excess FAR allowing for a total of 49,440 buildable square feet.
- Flexible Zoning – CD-3 zoning allows for hospitality, residential, retail, restaurant, mixed-use, and more.
- Development Opportunity – Fully entitled development site with approved plans for a 120-room boutique hotel; or build 58 condo units, steps from the b
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year and generates continued demand for
- High Barrier to Entry – Miami Beach remains one of South Florida’s most supply-constrained real estate markets due to limited supply of vacant land, s
Executive Summary
FULLY ENTITLED DEVELOPMENT SITE
Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.
Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.
Property Facts
1 Lot Available
Lot
| Price | $16,500,000 | Lot Size | 0.18 AC |
| Price Per AC | $89,820,359.28 |
| Price | $16,500,000 |
| Price Per AC | $89,820,359.28 |
| Lot Size | 0.18 AC |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
60/100
Very bikeable
80/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $20,541 | |
| Land Assessment | $4,260,000 | Total Assessment | $4,280,541 |
Property Taxes
Parcel Numbers
Land Assessment
$4,260,000
Improvements Assessment
$20,541
Total Assessment
$4,280,541
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2206 Park Ave - Approved 120 Key Hotel | Miami Beach