1300 Collins Ave - Apartments FOR SALE


Miami Beach, FL 33139- Flamingo
$22,500,000 USD
954-829-3737
1300 Collins Ave, Miami Beach, FL for Sale
$22,500,000 USD
Apartments - FOR SALE
1/58
null | 4.16% Cap Rate

1300 Collins Ave
Miami Beach, FL 33139
Flamingo


OVERVIEW

The historic Alamac is being brought to market for the first time in nearly 50 years. This property sits on the hard corner of 13th and Collins Avenue one block west of the world famous Ocean Drive. This property can be converted into a hotel, or a short term rental building. The existing building has significant in place income, which allows a developer to earn a return while entitling the property for another use to maximize the value. In addition to the apartments, the property also has ground floor retail spaces all of which are leased to short term tenants. The property also includes an on site management office, and pool. The property displays world class Art Deco finishes that need to be seen to be appreciated, including dade county pine and terrazzo floors. Call today to schedule a tour!

FOR SALE DETAILS

PRICE

$22,500,000 USD

PRICE/SF

$436 USD /SF

# OF UNITS

45

PRICE/UNIT

$500,000

CAP RATE

4.16%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Alamac

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

1934

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.48 AC

LAND SF

20,909 SF

ZONING

MXE

APN/PARCEL ID

02-3234-008-0940

ASK ABOUT THIS PROPERTY

David WigodaCBRE, Inc.More Info
954-829-3737

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David WigodaCBRE, Inc.More Info
954-829-3737

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.