727 Collins Ave, Miami Beach, FL 33139
727 Collins Ave, Miami Beach, FL 33139
727 Collins Ave, Miami Beach, FL 33139
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
William Gartin

William Gartin

+1(305) 842-6097
$20,000,000
Est. payment /mo
23,356 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 23,356 sqft

Price per Sqft $856

MLS Listing ID A12071598

HOA Y/N No

Lot Size 7,000 Sqft

Property Sub-Type Mixed Use

Property Description

Fausto Commercial is pleased to present 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.

Location

State FL

County Miami-dade

Area 42

Exterior

Private Pool Yes

Others

Tax ID 02-42-03-004-0230

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12071598

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by Fausto Commercial Realty Consultants Inc

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from William Gartin, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

};