17550 Collins Ave - Apartments CONDO FOR SALE


North Miami Beach, FL 33160
$6,250,000 USD
305-209-8866
17550 Collins Ave, North Miami Beach, FL for Sale
$6,250,000 USD
Apartments CONDO - FOR SALE
1/10
null | Request Cap Rate

17550 Collins Ave
North Miami Beach, FL 33160


OVERVIEW

The Porosoff Group of Compass Commercial is proud to present the commercial condo units of The Aurora Condominium located in Sunny Isles Beach, Florida. The commercial space separated into two spaces at the moment, one 1,142 square foot bay and a 4,372 square foot bay for a total of 5,514 square feet of ground floor commercial space fronting the heavily traveled Collins Avenue. The Aurora Commercial Condos will provide Class A Medical Office/ Office/ Retail/ Commercial space to a high barrier to entry market with limited supply. With excellent visibility on Collins Avenue with over 118,000 vehicles per day and high foot traffic, this will be a desirable location for a variety of businesses. The commercial spaces will have their own covered parking with 31 spaces in total. According to a declaration of covenant for the Condominium project, restaurant and retail uses would be prohibited within the project in perpetuity except if such uses are approved by the City Commission at a public hearing. Aurora is a brand new 17-story, 61 unit condo designed by world-renowned architect Luis Revuelta. The façade resembles smoothly curved lines of the Northern Lights, stretching along the sky. The building is ideally located between the inland coast and the white beach of Sunny Isles. Aurora will offer world class amenities including an 82 ft length swimming pool above the commercial space, a professional fitness center, a yoga studio, spa center with hammam, open air theatre, and barbeque area. Aurora is located walking distance from the beach and numerous shopping areas and grocery stores. Sunny Isles Beach is a city located on a barrier island in northeast Miami-Dade County, Florida. The city is bounded by the Atlantic Ocean on the east and the Intracoastal Waterway on the west. As of the 2020 census, it had a population of 22,342. Sunny Isles is an area of cultural diversity with stores lining Collins Avenue, the main throughfare through the city. Is it renowned for having the 14th tallest skyline in the United States despite a low population. It is a growing resort area with one of the higher household values of Miami- Dade County. Sunny Isles Beach has a central location, minutes from Bal Harbour to the south and Aventura to the north and west.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/SF

$1,133 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Aurora Commercial Condos

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

5,514 SF

STORIES

1

BUILDING CLASS

A

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.99 AC

LAND SF

43,124 SF

ZONING

B-1

APN/PARCEL ID

31-2211-004-0320,31-2211-088-0340,31-2211-088-0420,31-2211-088-0560

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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