Located in the desirable North Beach neighborhood, 6372 Collins Avenue offers a prime .47-acre development opportunity in Miami Beach. Zoned RM-2, this property supports residential or hospitality development with a 2.0 FAR, allowing for up to 40,826 SF of buildable space and a 65-ft height limit. Currently operating as a 32-space parking lot generating $25,000-$30,000 monthly, it provides interim income while planning future development. Positioned between Collins Avenue and Indian Creek Drive, the site enjoys proximity to luxury hotels, condominiums, and upcoming developments like the New Town District. At $7,500,000, this rare parcel is ideal for investors or developers seeking growth in an infill location with limited available land.
6372 Collins Ave, Miami Beach, FL, Miami Beach, FL, 33141
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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