Berkshire Hathaway HomeServices EWM Realty Senior Vice President Nelson Gonzalez announced the $5.5 million sale of 6644 Collins Ave. in Miami Beach, Florida, an 8,700-square-foot corner retail property with four tenants.
The one-story, freestanding building is located directly across the street from the 3.8-acre Deauville Hotel site, which features 500 feet of beachfront. Adding to the significance of its setting, 6644 Collins Ave. is adjacent to the Deauville parking garage and numerous restaurants and retailers.
Gonzalez marketed the property on behalf of the seller.
“This property represents tremendous opportunity at the epicenter of one of the area’s most exciting, up-and-coming beachfront neighborhoods,” said Gonzalez. “The building’s value is only set to skyrocket once the Deauville site is purchased and developed into a multi-billion-dollar, ultra-luxe condominium or hotel – which will be transformative for this part of North Beach and its future growth. Just a block from the sand, 6644 Collins Ave. is ideally positioned to capture a heightened inflow of foot traffic and high-end business activity as well-heeled consumers continue to descend on the area.”
All four tenants — Venezia Bar & Pizzeria, Pink Donuts, NoBe Yoga and Mr. Blendz Barber Shop — will remain in place.
The buyer, Elysee Investments, one of Miami Beach’s largest retail owners, was assisted by Greg Greer of CRR of South Florida LLC.
