727 Collins Avenue, FL 33139
$16,999,999 · $728 per sq ft · Mixed-Use for sale
- Property type: Mixed Use
- Asking price: $16,999,999
- Price per sq ft: $728
- Building size: 23,356 sq ft
- Lot size: 6,970 sq ft
- Parcel ID: 0242030040230
- MLS#: A12071598
About this property
727 Collins Avenue, a historic landmark asset delivering institutional-quality, low-management income on Miami Beach's lower Collins Avenue corridor. The offering pairs a ten-year master hospitality lease across floors two through four with a fully vacant ground-floor retail footprint — immediate contractual cash flow with a defined path to yield expansion. Originally constructed in 1930 as the London Arms Hotel, the four-story, 23,356-square-foot building was fully renovated and holds 25 immaculate residential/hospitality units and approximately 4,800 square feet of clear-span ground-floor retail. Floors two through four are encumbered by a ten-year master hospitality lease commencing January 2026, generating $90,000 monthly — $1,080,000 annually — with 9.4 years of term remaining. The operator covers all core building utilities and operating expenses, leaving ownership responsible strictly for real estate taxes and insurance. That structure delivers an in-place NOI of $966,000 and a 4.83% going-in cap rate with effectively no management burden. The ground-floor retail is delivered vacant and unpriced; leased at a conservative $50 per square foot NN, it adds $240,000 annually and lifts NOI to $1,229,429 — a 6.15% stabilized cap rate. Zoned MXE, the asset sits in a submarket with virtually zero net new commercial supply, where replacement of a landmarked, income-producing building of this profile is not achievable.
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Fausto Commercial Realty Consultants Inc · cfm@faustocommercial.com · Listing agent: Antonio Saladrigas
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Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 727 Collins Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 727 Collins Avenue
- How much is 727 Collins Avenue?
- 727 Collins Avenue is listed at $16,999,999, about $728 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- How big is 727 Collins Avenue?
- The listing reports 23,356 square feet of building.
- How do I tour 727 Collins Avenue?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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