1021 Biarritz Dr - Schools FOR SALE


Miami Beach, FL 33141- Normandy Isles
$12,500,000 USD
786-306-7259
1021 Biarritz Dr, Miami Beach, FL for Sale
$12,500,000 USD
Schools - FOR SALE
1/18
null | Request Cap Rate

1021 Biarritz Dr
Miami Beach, FL 33141
Normandy Isles


HIGHLIGHTS

  • High Barrier to Entry Location: Zoning for educational use is extremely limited in Miami Beach, existing classroom facilities rare and highly valuable
  • Ready-to-Operate: Fully functional facility with classrooms, admin space, and outdoor areas minimizes downtime before occupancy
  • Voucher Expansion Driving Demand: Florida’s universal voucher program has dramatically increased affordability and broadened access to private schools
  • Parcel A is grandfathered at 250 students, with significant expansion potential —student capacity may increase by roughly 270 additional students
  • Fully Entitled & Licensed: Fully approved for educational use — no entitlement or licensing delays.
  • The only Miami Beach school offering an aquatic program with on-site pool.

OVERVIEW

The Center of Miami Beach Growth: Normandy Isles (Miami Beach) campus benefits from strong growth momentum in both North Bay Village and North Beach, creating a larger pool of families seeking private education. Record Competition for Private School Seats: Private school demand in Miami has surged, with 7+ applicants per seat at top schools and families facing long waitlists — Miami Beach stands out with 31% of students in private schools, double the state average. Limited Schools East of Biscayne Blvd: With few private schools east of Biscayne Blvd, there is immediate ability to capture unmet demand from current and relocating families. North Bay Village Growth Drives Education Demand: Over $2B of new residential development planned or underway in North Bay Village within minutes of the campus will further fuel enrollment growth. Campus Highlights: Expansive 46,000 SF lot featuring playgrounds, pool, recreational area, landscaped gardens, Six functional buildings, and a dedicated driveway for seamless student drop-off.

FOR SALE DETAILS

PRICE

$12,500,000 USD

PRICE/SF

$745 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami Beach Turnkey School Facility

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Schools

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

1936

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.06 AC

LAND SF

46,150 SF

ZONING

RM-1

APN/PARCEL ID

02-3210-013-0990,02-3210-013-1000,02-3210-013-1010,02-3210-013-1030

ASK ABOUT THIS PROPERTY

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Jonathan De La RosaMarcus & MillichapMore Info
786-306-7259

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.