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Executive Summary

Faena District Hospitality Asset | 48 Units + 8,000 SF Retail | Reintroduced to Market
2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach’s Faena District. Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area’s most significant luxury hospitality and residential developments.
The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage. Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion.
Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today’s market conditions. This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.

Property Facts

Price $19,500,000
Price Per Unit $406,250
Sale Type Investment
No. Units 48
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class B
Lot Size 0.32 AC
Building Size 28,606 SF
Average Occupancy 0%
No. Stories 3
Year Built/Renovated 1924/2027
Parking Ratio 0.35/1,000 SF
Zoning RM-2 - Medium-density multifamily residential development, including apartments and condominiums.

Amenities

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Tenant Controlled HVAC
  • On-Site Retail
  • Smoke Free
  • Walk-Up
  • Smoke Detector
Moderately walkable
70/100
Exceptionally drivable
100/100
Good public transit
60/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
02-3226-001-0940
Land Assessment
$2,835,000
Improvements Assessment
$1,985,000
Total Assessment
$4,820,000
  • Listing ID: 35001693

  • Date on Market: 3/3/2025

  • Last Updated:

  • Address: 2814 Collins Ave, Miami Beach, FL 33140

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