**Property Description:**
**6372 Collins Avenue** presents a rare and exciting development opportunity in the heart of Miami Beach. This **.47-acre lot (20,413 SF)** is perfectly situated along the prestigious Collins Avenue corridor, offering unparalleled visibility and accessibility. The property is zoned **RM-2 (Residential Medium Density)**, making it ideal for a range of residential or hospitality developments, such as boutique condos, luxury rentals, or a boutique hotel.
The lot offers up to **40,826 SF of buildable space** with a **65-foot height limit**, allowing for creative and impactful design possibilities. Its location provides unmatched proximity to Miami Beach’s world-renowned white sand beaches, high-end dining, luxury hotels, and vibrant nightlife, making it a highly desirable site for both developers and investors.
**Key Features:**
- **Lot Size:** 20,413 SF (.47 acres)
- **Zoning:** RM-2 – Residential Medium Density
- **Buildable Area:** Up to 40,826 SF
- **Height Limit:** 65 feet
- **Frontage:** Prime Collins Avenue frontage for maximum exposure
**Current Revenue:**
The property currently generates **$25,000 to $30,000 per month** in parking income, providing immediate revenue potential for the new owner while planning future development.
**Strategic Location:**
- Steps from Miami Beach’s iconic beaches
- Surrounded by luxury hotels and high-end condominiums
- Convenient access to top-tier amenities, including fine dining, retail, and cultural attractions
- Located near key Miami Beach developments, making it a hotspot for growth and investment
**Investment Highlights:**
1. **Flexible Development Options:** The RM-2 zoning allows for a wide range of development types, from boutique condominiums to hospitality projects.
2. **High Visibility:** Prime Collins Avenue frontage ensures excellent exposure for future developments.
3. **Desirable Market:** Located in the highly sought-after North Beach area of Miami Beach, which is experiencing significant growth and redevelopment.
4. **Immediate Income:** Current parking operations provide steady monthly revenue, making it a valuable asset even before development.
5. **Competitive Pricing:** Priced attractively at **$5.8 million**, a reduction from the original $7.5 million listing, offering exceptional value for developers.
**Development Potential:**
With the potential to build up to **40,826 SF**, this site provides the perfect canvas for innovative architectural projects that align with Miami Beach's upscale character. Whether for luxury living or hospitality, the property’s zoning and buildable area allow for a transformative project that can define the local skyline.
**Conclusion:**
6372 Collins Avenue is a truly unique development opportunity in one of Miami Beach’s most vibrant and desirable locations. Its combination of prime location, flexible zoning, and immediate income potential makes it an exceptional choice for developers and investors.
For additional details or to schedule a tour of the property, please contact:
**Keith Alan Darby, CCIM**
RISE Realty
?? 1111 Brickell Avenue, Suite 1550, Miami, FL 33131
?? +1.305.859.1606
? info@RISErealty.com
