1216-1232 Normandy Dr - Storefront FOR SALE


Miami Beach, FL 33141- Normandy Isles
$4,900,000 USD
786-717-4517
1216-1232 Normandy Dr, Miami Beach, FL for Sale
$4,900,000 USD
Storefront - FOR SALE
1/20
null | 5.5% Cap Rate

1216-1232 Normandy Dr
Miami Beach, FL 33141
Normandy Isles


HIGHLIGHTS

  • 100% leased retail center with nine established tenants delivering immediate cash flow in Miami Beach's growing North Beach market.
  • Prime location between Collins Avenue and North Bay Village surrounded by luxury residential and mixed-use development.
  • Separately metered suites simplify operations while supporting flexible tenant and investment strategies.
  • Ideal 1031 exchange, family office, or private investor acquisition combining stable income with redevelopment upside.

OVERVIEW

Trophy North Beach Retail Investment with Immediate Cash Flow and Exceptional Redevelopment Potential Rare opportunity to acquire a fully leased neighborhood retail center in the heart of Miami Beach's rapidly transforming North Beach district. Strategically positioned along Normandy Drive, this 6,518 SF commercial asset is 100% occupied by nine established tenants, generating stable income while offering significant long-term appreciation potential. Located between the explosive growth corridors of Collins Avenue, North Beach Town Center, and North Bay Village, the property benefits from strong pedestrian activity, growing residential density, luxury condominium development, and continued public and private investment throughout the surrounding area. Each suite is separately metered for electric and water, providing efficient management and operational flexibility. For investors seeking both current yield and future upside, the property offers an attractive in-place income stream with the opportunity to expand to approximately 14,350 SF of air-conditioned space, creating a compelling value-add and redevelopment opportunity in one of Miami Beach's most active redevelopment corridors. This is a rare chance to secure a stabilized retail investment while positioning for future growth within a high-demand coastal market.

FOR SALE DETAILS

PRICE

$4,900,000 USD

PRICE/SF

$752 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1226 Normandy Drive

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,326 SF

ZONING

CD-2

APN/PARCEL ID

02-3210-013-1200

ASK ABOUT THIS PROPERTY

Casey Loundy EidelsteinOne Sotheby's International RealtyMore Info
786-717-4517

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Casey Loundy EidelsteinOne Sotheby's International RealtyMore Info
786-717-4517

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