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721 Collins Ave 6,575 SF Office/Retail Condo Unit Offered at $6,800,000 in Miami Beach, FL 33139
Investment Highlights
- 50 FT of frontage on Collins Avenue
- Prime South Beach location with exceptional pedestrian traffic
- 12 FT ceiling heights
Executive Summary
Iconic freestanding mixed-use building Approx. 5,400 SF rentable area 6,841 SF total building area (per public records) 7,000 SF lot 50 FT of frontage on Collins Avenue 12 FT ceiling heights Two-story configuration North & South entrances Kitchenette, two bathrooms, and storage MXE – Mixed Use Entertainment zoning Prime South Beach location with exceptional pedestrian traffic
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | Distress Sale, 1031 Exchange, Sale Leaseback, Ground Lease (Leasehold), Ground Lease (Leased Fee), Build to Suit, Bulk/Portfolio Sale, Lease Option, Deferred Maintenance, High Vacancy Property, Redevelopment Project, Building in Shell Condition, REO Sale, Short Sale |
| Sale Type | Investment or Owner User |
| Sale Conditions | Distress Sale, 1031 Exchange, Sale Leaseback, Ground Lease (Leasehold), Ground Lease (Leased Fee), Build to Suit, Bulk/Portfolio Sale, Lease Option, Deferred Maintenance, High Vacancy Property, Redevelopment Project, Building in Shell Condition, REO Sale, Short Sale |
Description
721 Collins Avenue presents an exceptional opportunity to acquire an iconic freestanding mixed-use building in the heart of Miami Beach’s vibrant Entertainment District. Situated on a 7,000-square-foot site with approximately 50 feet of prime frontage along Collins Avenue, the property offers approximately 5,400 square feet of rentable area across two stories, with a total building area of approximately 6,841 square feet per Miami-Dade County records.
The building features flexible MXE (Mixed Use Entertainment) zoning, allowing for a wide variety of retail, showroom, gallery, office, restaurant, hospitality, and experiential concepts. Additional highlights include 12-foot ceilings, dual north and south entrances, a kitchenette, two bathrooms, and dedicated storage space.
Positioned just steps from Ocean Drive and the beach, 721 Collins Avenue benefits from exceptional pedestrian traffic and unparalleled visibility in one of South Florida’s most sought-after commercial corridors. Please reach out to Maria to schedule a showing at 786-329-1549 or acruz@cervera.com
The building features flexible MXE (Mixed Use Entertainment) zoning, allowing for a wide variety of retail, showroom, gallery, office, restaurant, hospitality, and experiential concepts. Additional highlights include 12-foot ceilings, dual north and south entrances, a kitchenette, two bathrooms, and dedicated storage space.
Positioned just steps from Ocean Drive and the beach, 721 Collins Avenue benefits from exceptional pedestrian traffic and unparalleled visibility in one of South Florida’s most sought-after commercial corridors. Please reach out to Maria to schedule a showing at 786-329-1549 or acruz@cervera.com
Sale Notes
Property has historically operated as retail and currently includes only a basic kitchenette. Any food and beverage use would likely require buyer/tenant verification of plumbing capacity, grease interceptor requirements, City of Miami Beach plumbing permits, and Miami-Dade FOG permitting.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 1 | 6,575 SF | Office/Retail | $6,800,000 ($1,034.22/SF) | - |
Unit 1
| Unit Size |
| 6,575 SF |
| Condo Use |
| Office/Retail |
| Price |
| $6,800,000 ($1,034.22/SF) |
| NOI |
| - |
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Unit 1
| Unit Size | 6,575 SF |
| Condo Use | Office/Retail |
| Price | $6,800,000 ($1,034.22/SF) |
| NOI | - |
| Sale Type | Investment or Owner User |
| Sale Conditions | Distress Sale, 1031 Exchange, Sale Leaseback, Ground Lease (Leasehold), Ground Lease (Leased Fee), Build to Suit, Bulk/Portfolio Sale, Lease Option, Deferred Maintenance, High Vacancy Property, Redevelopment Project, Building in Shell Condition, REO Sale, Short Sale |
| Description | |
| 721 Collins Avenue presents an exceptional opportunity to acquire an iconic freestanding mixed-use building in the heart of Miami Beach’s vibrant Entertainment District. Situated on a 7,000-square-foot site with approximately 50 feet of prime frontage along Collins Avenue, the property offers approximately 5,400 square feet of rentable area across two stories, with a total building area of approximately 6,841 square feet per Miami-Dade County records. <br> <br> The building features flexible MXE (Mixed Use Entertainment) zoning, allowing for a wide variety of retail, showroom, gallery, office, restaurant, hospitality, and experiential concepts. Additional highlights include 12-foot ceilings, dual north and south entrances, a kitchenette, two bathrooms, and dedicated storage space.<br> <br> Positioned just steps from Ocean Drive and the beach, 721 Collins Avenue benefits from exceptional pedestrian traffic and unparalleled visibility in one of South Florida’s most sought-after commercial corridors. Please reach out to Maria to schedule a showing at 786-329-1549 or acruz@cervera.com</li></ul> | |
| Sale Notes | |
| Property has historically operated as retail and currently includes only a basic kitchenette. Any food and beverage use would likely require buyer/tenant verification of plumbing capacity, grease interceptor requirements, City of Miami Beach plumbing permits, and Miami-Dade FOG permitting.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 6,575 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 6,575 SF |
| Property Subtype | Storefront | Year Built | 1999 |
| Building Class | B | Lot Size | 0.16 AC |
| Zoning | MXE - 6501 COMMERCIAL - MIXED USE ENTERTAINMENT | ||
| Total Building Size | 6,575 SF |
| Property Type | Retail (Condo) |
| Property Subtype | Storefront |
| Building Class | B |
| Floors | 1 |
| Typical Floor Size | 6,575 SF |
| Year Built | 1999 |
| Lot Size | 0.16 AC |
| Zoning | MXE - 6501 COMMERCIAL - MIXED USE ENTERTAINMENT |
Amenities
- Bus Line
- Signage
- Air Conditioning
Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
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Contact the Sale Advisor
721 Collins Ave