Marcus & Millichap (NYSE: MMI), a leading commercial real estate investment services firm with offices throughout the United States and Canada, today announced the exclusive listing of 200-212 Collins Avenue, a 20-unit apartment building and an office building located in Miami Beach, FL, according to Scott Lunine, Regional Manager of the firm’s Miami office. The asset is listed at $16,000,000.

200-212 Collins Avenue is in the South Beach section of Miami Beach, FL. Located in the prestigious South of Fifth neighborhood, this is one the area’s most prominent corners featuring unrestricted views to Washington Community Garden to the West, and direct views to Washington Park - Big Dog Run looking South across 2nd Street. In addition, the property is within feet of the Atlantic’s sunny beaches, and just a couple of blocks from the beautiful South Pointe Park, a 17-acre waterfront park and pier.

This highly desirable trophy site is surrounded by some of Miami Beach's most iconic restaurant and entertainment venues such as Joes Stone Crab and Prime 112 restaurant, located within a short walk. In recent years the 20-unit apartment building underwent major renovations including: gated access; impact windows; split air-conditioning units; individualized utility meters; and a surveillance system. The office building is owner-occupied and its home of the world-renowned Maps Production House, founded by South Beach pioneer Paul Lardi back in the ‘90’s.

The property is zoned (R-PS-3) which allows for multiple residential uses, apartment-hotels, and hotels. It’s believed that the highest-and-best future use of the combined property is for the re-development of a hotel project with a condominium component.