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Approved 120 Key Hotel | Miami Beach 2 Land Properties Offered at $23,491,545 CAD in Miami Beach, FL
Investment Highlights
- Premier Location – Prime corner location in the Collins Park Cultural District, close to the Miami Beach Convention Center, and luxury hotels
- Excess FAR – The property benefits from excess FAR allowing for a total of 49,440 buildable square feet
- Flexible Zoning – CD-3 zoning allows for hospitality, residential, retail, restaurant, mixed-use, and more.
- Development Opportunity – Fully entitled development site with approved plans for a 120-room boutique hotel; or build 58 condo units, steps from beach
- Strong Global Demand – Located in a globally recognized destination, which attracts millions of visitors each year
- High Barrier to Entry – Miami Beach remains one of South Florida’s most supply-constrained real estate markets due to limited supply of vacant land
Executive Summary
FULLY ENTITLED DEVELOPMENT SITE
Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.
Unique development opportunity in the Collins Park Cultural District, across from the Miami City Ballet and the Bass Museum. Over 17,000 square feet of CD-3 vacant commercial land along the Collins Canal with approved plans for a 5-story, 120-room boutique hotel with a rooftop swimming pool, ground floor restaurant and retail spaces, and no parking requirement. Approvals will remain valid until April 2028. Zoning as-of-right would also allow for a 58-unit residential project or more with the 80% bonus for affordable units.
Property Facts
| Price | $23,491,545 CAD | Number of Properties | 2 |
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Land Area | 0.42 AC |
| Price | $23,491,545 CAD |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Land Area | 0.42 AC |
Properties
| Property Name / Address | Property Type | Size | Individual Price |
|---|---|---|---|
| 427 22nd St, Miami Beach, FL 33139 | Land | 0.24 AC | - |
|
Approved 120 Key Hotel | Miami Beach
2206 Park Ave, Miami Beach, FL 33139 |
Land | 0.18 AC | - |
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Approved 120 Key Hotel | Miami Beach
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