2814 Collins Ave - Apartments FOR SALE


Miami Beach, FL 33140- Miami Beach Boardwalk
$19,500,000 USD
305-695-4253
2814 Collins Ave, Miami Beach, FL for Sale
$19,500,000 USD
Apartments - FOR SALE
1/12
null | Request Cap Rate

2814 Collins Ave
Miami Beach, FL 33140
Miami Beach Boardwalk


OVERVIEW

Faena District Hospitality Asset | 48 Units + 8,000 SF Retail | Reintroduced to Market 2814 Collins Avenue presents a rare opportunity to acquire a partially completed, mixed-use hospitality asset in the heart of Miami Beach’s Faena District. Positioned on a prime Collins Avenue corner just steps from the ocean, the property sits directly across from The Miami Beach EDITION and is surrounded by some of the area’s most significant luxury hospitality and residential developments. The asset is configured for 48 hotel units along with three ground-floor retail spaces totaling over 8,000 square feet, offering a compelling combination of hospitality and income-producing frontage. Substantial progress has already been made, the property has undergone substantial structural and exterior improvements, allowing a new owner to step directly into the final phase of design and completion. Ownership is reintroducing the asset to the market with repositioned pricing and a direct alignment with today’s market conditions. This creates a compelling opportunity for investors and operators to acquire a well-located Miami Beach asset at a basis that is increasingly difficult to replicate.

FOR SALE DETAILS

PRICE

$19,500,000 USD

PRICE/SF

$682 USD /SF

# OF UNITS

48

PRICE/UNIT

$406,250

CAP RATE

Request Cap Rate

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami Beach Boutique Hotel

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

RM-2

APN/PARCEL ID

02-3226-001-0940

ASK ABOUT THIS PROPERTY

Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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Susan GaleOne Sotheby's InternationalMore Info
305-695-4253

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