
Listing Price: | $6,995,000 | |
Lot Size: | 7,000 SF | |
Price per SF: | $681.84 | |
Year Built: | 1923 / 2003 | |
Rentable SF: | 10,259 SF |
Listing Price: | $6,995,000 | |
Lot Size: | 7,000 SF | |
Price per SF: | $681.84 | |
Year Built: | 1923 / 2003 | |
Rentable SF: | 10,259 SF |
INVESTMENT HIGHLIGHTS
LOCATION HIGHLIGHTS
PROPERTY DESCRIPTION
Marcus and Millichap is proud to exclusively market 826 Collins Avenue, a 10,259 SF mixed-use commercial property located on world famous Collins Avenue just one block west of Ocean Drive and the beaches in Miami Beach. The property is three stories and sits in the MXE Zoned entertainment district. On the top floor is an exclusive three-bedroom penthouse apartment that is rented to a short-term rental company at a below market rent. The lease allows an investor to operate or occupy the unit for themselves or re-lease the unit for more money in the near future. The luxury apartment includes a rooftop deck and pool along with a 2-car garage within the building.
On the ground floor is a vacant 4,300 SF flagship retail space that was formerly occupied by Levi Strauss & Company Jeans. On the 2nd floor are two 1,162 SF vacant retail/office spaces that are ideal for local small businesses looking for destination retail or small office users looking for signage and a presence in South Beach. This is a rare opportunity to buy a value-add mixed-use commercial property in the heart of a dense commercial corridor. The seller is offering attractive interest-only seller financing for up to 70 Percent of the purchase price for qualified buyers.
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