
Listing Price: | $7,250,000 | |
Proforma CAP Rate: | 7.00% | |
Lot Size: | 7,000 SF | |
Price per SF: | $910.65 | |
Year Built: | 1922 / 2001 | |
Rentable SF: | 8,450 SF |
Listing Price: | $7,250,000 | |
Proforma CAP Rate: | 7.00% | |
Lot Size: | 7,000 SF | |
Price per SF: | $910.65 | |
Year Built: | 1922 / 2001 | |
Rentable SF: | 8,450 SF |
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
PROPERTY DESCRIPTION
Marcus & Millichap is proud to exclusively market 624 Collins Avenue, a vacant 8,450 square-foot two-story retail property located on world famousMarcus & Millichap is proud to exclusively market 624 Collins Avenue, a vacant 8,450 square-foot two-story retail property located on world famousCollins Avenue in the heart of the South Beach submarket of Miami Beach, Florida. The property was previously occupied by Club Monaco for manyyears and is an ideal opportunity for an investor to re-tenant, and/or occupy for their own use. The Seller is offering qualified Buyers Interest only Seller Financing for up to 70% of the purchase price. The building benefits from flexible MXE entertainment use zoning which allows for both hotel, commercial and residential uses. The property has excellent visibility along the west side of Collins Avenue inthe exclusive 6th street corridor, where many upscale brands sit nearby including Armani Exchange, Aldo and Sunglass Hut. This corridor is only oneblock west of famous Ocean Drive and the beach, and is surrounded by constant beach related tourists and walking traffic. Directly behind the propertyis the brand new construction Goodtime Hotel which is owned and operated by producer/artist Pharrell Williams and David Grutman, a successfullypromoter and entrepreneur.
© The Olson Kristol Group of Marcus & Millichap. All rights reserved. Private Properties - Logout
Site designed and developed by AWD.
View Our Accessibility Statement