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745 Collins Ave 12,974 SF Retail Building Miami Beach, FL 33139 $7,500,000 ($578.08/SF)
Executive Summary
745 Collins Avenue presents a rare opportunity to acquire a fully vacant Art Deco commercial building in the heart
of South Beach’s premier retail and hospitality corridor. Formerly occupied by Victoria’s Secret, the Property spans
approximately 13,444 SF across three levels and is ideally positioned steps from Ocean Drive, the beach, and Miami
Beach’s most prominent hotels, restaurants, retailers, and entertainment venues.
Delivered vacant in gray shell condition, the Property offers exceptional flexibility for an investor, owner-user, or
operator to reposition the asset for a variety of uses, including flagship retail, boutique hospitality, food & beverage,
wellness, entertainment, office, or mixed-use concepts.
The building underwent a substantial renovation in 2008 and includes significant infrastructure already in place,
including elevator service, sprinkler and fire suppression systems, upgraded electrical capacity, and modernized
building systems. The completed 40-Year recertification along with all these improvements provide a meaningful
reduction in redevelopment costs and delivery timelines. In addition, the upper exterior levels offer the potential to
create terraces, rooftop activations, hospitality amenities, wellness concepts, or other experiential spaces, a highly
desirable and increasingly rare feature within the South Beach historic district.
of South Beach’s premier retail and hospitality corridor. Formerly occupied by Victoria’s Secret, the Property spans
approximately 13,444 SF across three levels and is ideally positioned steps from Ocean Drive, the beach, and Miami
Beach’s most prominent hotels, restaurants, retailers, and entertainment venues.
Delivered vacant in gray shell condition, the Property offers exceptional flexibility for an investor, owner-user, or
operator to reposition the asset for a variety of uses, including flagship retail, boutique hospitality, food & beverage,
wellness, entertainment, office, or mixed-use concepts.
The building underwent a substantial renovation in 2008 and includes significant infrastructure already in place,
including elevator service, sprinkler and fire suppression systems, upgraded electrical capacity, and modernized
building systems. The completed 40-Year recertification along with all these improvements provide a meaningful
reduction in redevelopment costs and delivery timelines. In addition, the upper exterior levels offer the potential to
create terraces, rooftop activations, hospitality amenities, wellness concepts, or other experiential spaces, a highly
desirable and increasingly rare feature within the South Beach historic district.
Property Facts
Sale Type
Investment
Sale Condition
Building in Shell Condition
Property Type
Retail
Property Subtype
Storefront
Building Size
12,974 SF
Building Class
A
Year Built/Renovated
1940/2009
Price
$7,500,000
Price Per SF
$578.08
Tenancy
Single
Building Height
3 Stories
Building FAR
1.49
Lot Size
0.20 AC
Zoning
MXE - The main permitted uses in the MXE mixed use entertainment district are apartments; apartment hotels, hotels, hostels, and suite hotels.
Frontage
50’ on Collins Ave
Space Availability
- Space
- Size
- Space Use
- Position
- Available
2nd generation Retail Space on the historic Collins Avenue of South Beach. Current TT recently completed interior demo. LL is seeking a replacement TT for the space or sale of the building.
| Space | Size | Space Use | Position | Available |
| 745 | 12,974 SF | Retail | In-Line | 90 Days |
745
| Size |
| 12,974 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| 90 Days |
745
| Size | 12,974 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | 90 Days |
2nd generation Retail Space on the historic Collins Avenue of South Beach. Current TT recently completed interior demo. LL is seeking a replacement TT for the space or sale of the building.
Exceptionally walkable
90/100
Moderately drivable
70/100
Some public transit
40/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-4203-004-0250 | Improvements Assessment | $5,657,000 |
| Land Assessment | $3,500,000 | Total Assessment | $9,157,000 |
Property Taxes
Parcel Number
02-4203-004-0250
Land Assessment
$3,500,000
Improvements Assessment
$5,657,000
Total Assessment
$9,157,000
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