441 COLLINS AVENUE

441 COLLINS AVENUE

MIAMI BEACH, FL 33139

Status:
Available
Price:
$2,093,000
Price/Unit:
$299,000
Units:
7 Out of 30
Year Built:
1965

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

→ Irreplaceable South Beach Location 5th Street and Collins Ave
→ Opportunity to purchase 7 out of 30 condo units
→ Rare South of Fifth Short Term Hospitality Zoning
→ Gateway To Miami Beach | Last Vehicular Trafficked Corner Before Arriving To Ocean Drive
→ One Block from World Class Beaches
→ Minutes From Newly Renovated Miami Beach Convention Center
→ Future Redevelopment Potential

INVESTMENT HIGHLIGHTS

The Porosoff Group is pleased to offer 7 of the 30 condominium units at the Southern Star Condo, located at 441 Collins Avenue. The available units are 2, 5, 7, 10, 12, 12A, and 19. Units 2, 5, 7, and 19 are 420 RSF each, while units 10, 12, and 12A are 450 RSF.
Situated on a 19,500 SF lot zoned RPS-3 and built in 1965, the site offers strong long-term potential through assembling the remaining units and redeveloping the property. Current zoning allows short-term rentals and supports up to 1.75 FAR (34,125 SF), enabling a future project with approximately 70–75 rooms, 3,500 SF of retail, and 35 parking spaces.

South Beach has experienced years of booming economic growth and development and is a go-to destination for domestic and international tourism, drawing millions of visitors yearly. The Miami Beach Convention Center, which recently completed a $620 million renovation and expansion, will attract new national and international events and conventions. Additionally, numerous new and existing developments are underway within the immediate area, including Five Park, Baptist Health Miami Beach, Euclid Garden Hotel, Hotel Urbanica, Washington Squared, Miami Beach’s Monorail System, 300 Alton, and others.

EXCLUSIVELY LISTED BY

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

LOGAN RICE

COO
Tel: (727) 403-0321
logan@porosoff.com

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