1220 Collins Ave | Miami Beach, FL 33139
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1220 Collins Ave
Miami Beach, FL 33139
The Webster · Retail Property For Sale
Investment Highlights
- NNN, Single Tenant, Sale Leaseback Opportunity in Trophy Art Deco Style Building in South Beach. Tenant is "The Webster", a designer retailer, which h
- Building has gone through a multi-million-dollar renovation & is fully leased
- 15,600 SF 3-Story Commercial Building on Collins Avenue in the Heart of Miami Beach
- Tremendous foot traffic on Collins Avenue and throughout neighborhood
Executive Summary
Introducing 1220 Collins Avenue, a rare opportunity to own a single-tenant occupied artdeco
jewel in the heart of South Beach. Built in 1937 and completed in 1939 by famed
architect, Henry Hohauser, The Webster hotel was born.
In 2009 a new chapter began for The Webster, as the property re-opened its doors at
1220 Collins Avenue as a globally recognized multi-brand boutique. Capital
improvements include a complete renovation, featuring high-end fixtures and lighting,
while preserving and maintaining the architectural significance of the property.
The former hotel houses three floors of retail, space which are adaptable for a variety of
uses. Available fully leased by a single luxury retail user. 1220 Collins Avenue represents
a singular ownership opportunity.
jewel in the heart of South Beach. Built in 1937 and completed in 1939 by famed
architect, Henry Hohauser, The Webster hotel was born.
In 2009 a new chapter began for The Webster, as the property re-opened its doors at
1220 Collins Avenue as a globally recognized multi-brand boutique. Capital
improvements include a complete renovation, featuring high-end fixtures and lighting,
while preserving and maintaining the architectural significance of the property.
The former hotel houses three floors of retail, space which are adaptable for a variety of
uses. Available fully leased by a single luxury retail user. 1220 Collins Avenue represents
a singular ownership opportunity.
PROPERTY FACTS
Sale Type
Investment NNN
Sale Condition
Sale Leaseback
Property Type
Retail
Property Subtype
Building Size
20,232 SF
Building Class
C
Year Built/Renovated
1937/2000
NOI
$822,456
Tenancy
Single
Building Height
3 Stories
Building FAR
2.90
Lot Size
0.16 AC
Zoning
6501 - Parks and Recreation
Parking
3 Spaces (0.19 Spaces per 1,000 SF Leased)
Frontage
49 FT on A1A Jimmy Buffett Memoria
Amenities
- Accent Lighting
- Air Conditioning
PROPERTY TAXES
| Parcel Number | 02-3234-008-1060 | Improvements Assessment | $4,510,000 |
| Land Assessment | $3,500,000 | Total Assessment | $8,010,000 |
PROPERTY TAXES
Parcel Number
02-3234-008-1060
Land Assessment
$3,500,000
Improvements Assessment
$4,510,000
Total Assessment
$8,010,000
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