727 Collins Avenue, FL 33139 (MLS# A12071598)

727 Collins Avenue, FL 33139

$20,000,000

Virtual Tour

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

Property Type: Commercial Sale Square Footage: 23,356 Status: Active

Current Price: $20,000,000 List Date: 8/05/2026 Last Modified: 8/25/2026

Overview

Description

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 ... (Read more)

Listing Details MLS# A12071598

General Property Information

Property Sub Type: Mixed Use
Occupant Type: Call Listing Agent
Building Area Main: 23356
Lot Size Area: 7000
Lot Size Acres: 0.16

Property Features

Business Type: Retail Structure Type: Hotel/Motel; Retail

Contract Information

Comp Sale YN: No
Original List Price: 20000000

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 727
Street Name: Collins
Street Suffix: Avenue
State Or Province: FL
Postal Code: 33139
Area: 2420
Parcel Number: 0242030040230

Status Change Information

Major Change Timestamp: 2026-08-05T04:00:00Z
Major Change Type: New Listing
Status Change Date: 2026-08-14

Price Calculations

Current Price To SqFt: 856.31

More Information

Originating Details

Originating System Key: 550575197
Originating System ID: M00000151

Listing Office: Fausto Commercial Realty Consultants Inc

Last Updated: August - 25 - 2026

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