673 Collins AveMiami Beach, FL 33139

Property Details for 673 Collins Ave

Year built

1996

Construction

CONCRETE

Lot size

0.32 AC

Property size (Sq ft)

11,668 SF

Zone code

6501:COMMERCIAL

Property type

Outlet malls

APN

02-4203-004-0120

APU

242030040120

Description

This exceptional retail property, located at 673 Collins Avenue in the vibrant Collins Avenue submarket cluster of Miami Beach, Florida, presents a unique investment opportunity. The 11,668 square foot building boasts a prime location at the intersection of Collins Avenue and 7th Street, offering unparalleled visibility and accessibility. Currently configured for multiple tenancies, including restaurant use, the property features 1,233 square feet of vacant space ready for immediate occupancy. A recently installed grease trap caters to food service businesses. The substantial 14,000 square foot lot provides ample space for outdoor seating or expansion. This property is situated in the highly desirable Miami Beach submarket, known for its bustling tourism and thriving local economy. The address, 673 Collins Ave, Miami Beach, FL 33139, places it within easy reach of a diverse clientele and high foot traffic. This is an ideal opportunity for an established business seeking expansion or a new venture looking to capitalize on a prime location in a dynamic market. The property's size and configuration offer flexibility for a variety of uses, making it a truly versatile investment. Don't miss this chance to secure a piece of Miami Beach's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $14,808,716

  6.5%

  $13,669,584

  7%

  $12,693,185

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,257,370

  Geo Method

  $11,257,370

• Alternative Use

  Use

  Valuation

  Residential

  $11,530,806

  Hospitality

  $10,562,156

  Educational

  $8,787,590

  Medical

  $9,089,809

  Retail

  $13,669,584

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7767

Longitude

-80.1322

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].