740 Collins Ave
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740 Collins Ave
8,130 SF Retail Building Miami Beach, FL 33139 For Sale
Executive Summary
• Just Listed
• Prime Single Tenant Asset
• Investment or Owner – User Opportunity
• Value add opportunity – Mark-to-Market Rent
• AAA location on Collins Avenue
• Recent 5 year lease extension with National Tenant
• Shoe Palace has occupied the property since 2017
• Below market rents
• Opportunity to significantly increase rents in 2 years
• Landlord has right to terminate existing lease on April 30th, 2027
• Below replacement cost
• Prime Single Tenant Asset
• Investment or Owner – User Opportunity
• Value add opportunity – Mark-to-Market Rent
• AAA location on Collins Avenue
• Recent 5 year lease extension with National Tenant
• Shoe Palace has occupied the property since 2017
• Below market rents
• Opportunity to significantly increase rents in 2 years
• Landlord has right to terminate existing lease on April 30th, 2027
• Below replacement cost
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
8,130 SF
Building Class
B
Year Built
2000
Tenancy
Single
Building Height
2 Stories
Building FAR
1.17
Lot Size
0.16 AC
Zoning
MXE - Mixed Use
Frontage
43 FT on Collins Ave
Walk Score ®
Walker's Paradise (96)
Bike Score ®
Very Bikeable (81)
Nearby Major Retailers
PROPERTY TAXES
Parcel Number | 02-4203-004-0590 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $6,368,036 |
PROPERTY TAXES
Parcel Number
02-4203-004-0590
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$6,368,036
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740 Collins Ave
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