Home › Listings › 727 Collins Ave
727 Collins Ave
For SaleRetail For LeaseFor Sale: $16,999,999 · Lease: $20,000/mo — $50/SF NNN for the ground-floor retail
About this property
A 1930 Miami Beach landmark (the former London Arms Hotel) on Collins Ave, offered for sale with income in place: 25 hotel keys on a 10-year master hospitality lease paying $1.08M/year, plus 4,800 SF of vacant ground-floor retail that can be leased at $50/SF NNN. NOI is $966K in place and $1.23M stabilized — a 4.83% going-in cap rate, 6.15% stabilized. The retail space is also offered for lease on its own.
Highlights
- 25 hotel keys on a 10-year master lease at $1.08M/year (about 9.4 years remaining); the operator covers operating expenses — ownership carries taxes and insurance only
- 4,800 SF vacant ground-floor retail on Collins Ave — at $50/SF NNN it adds about $240K/year
- NOI $966K in place / $1.23M stabilized
- 1930 landmark building, MXE zoning, 7,000 SF parcel
Best for
- Hotel and mixed-use investors
- Retailers and restaurants that want a Collins Ave flagship
Facts
| Address | 727 Collins Ave, Miami Beach, FL 33139 |
|---|---|
| Status | For Sale / Retail For Lease |
| Type | Hotel / Mixed-Use with Ground-Floor Retail |
| Space | 4,800 SF ground-floor retail available |
| Building | 23,356 SF |
| Lot | 7,000 SF |
| Sale price | $16,999,999 |
| Lease terms | $20,000/mo — $50/SF NNN for the ground-floor retail |
Listed by Tony Saladrigas, Fausto Commercial Realty Consultants.
786.378.1850 · ts@faustocommercial.com