Investment Overview

Marcus & Millichap is proud to exclusively market 624 Collins Avenue, a vacant 8,450 square foot two two-story retail property located on world famous Collins Avenue in the heart of the South Beach submarket of Miami Beach, FL. The property was previously occupied by Club Monaco for many years and is an ideal opportunity for an investor to re-tenant, and/or occupy for their own use. The building benefits from flexible MXE entertainment use zoning which allows for both hotel, commercial and residential uses. The property has excellent visibility along the west side of Collins Avenue in the exclusive 6th street corridor, where many upscale brands sit nearby including Armani Exchange, Aldo and Sunglass Hut. This corridor is only one block west of famous Ocean Drive and the beach and is surrounded by constant beach related tourists and walking traffic. Directly behind the property is the brand-new construction Goodtime Hotel which is owned and operated by producer/artist Pharrell Williams and David Grutman, a successfully promoter and entrepreneur.