Southern Star, 441 Collins Ave #2/5/7/10/12A/19, Miami Beach, 33139

The rare opportunity to acquire 6 out of the 30 condo units. Four units have each 420 rentable square feet, while two units have 450 rentable square feet each. Under current zoning standards (rps-3), the existing building is zoned to allow short-term rentals. With a total redevelopment, zoning standards allow a maximum of a 1.75 far, or 34,125 floor area which could translate to 70-75 hotel rooms, 3,500 sf retail, and 35 parking spaces.