121 Collins Ave

In the heart of South Beach, Miami Beach, located at 121 Collins Avenue just north of 1st street. This is the last few vacant lots left for development that is for sale. Build hotel/Apartments, Condos with limited commercial use. Zoned RPS-3 (Residential Performance Standard -3). The FAR 1.75 (Floor Area Ratio), Lot size 6,500 square feet and dimensions 50 X 130. The lot is surrounded by many famous restaurants/bars, hotels, and multi-million dollar Condos. Full access from both Collins Ave and Ocean Court alleyway in the rear. This was once the site of the Beach View Hotel one of the first hotels on Miami Beach. Walk one block to the Atlantic Ocean. Priced to sell: below the 2021 Real Estate tax Assessed Value of $3,575,000, make your best offer.