305-281-2186
1390 Ocean Dr, Miami Beach, FL for Sale
Storefront CONDO - FOR SALE
1/11
null | Request Cap Rate

1390 Ocean Dr
Miami Beach, FL 33139
Lummus Park


HIGHLIGHTS

  • Ideal for 1031 exchange buyers seeking stable investment income
  • Strong recession-resilient location with year-round tourism
  • Direct beachfront positioning on Ocean Drive
  • Dual access points for flexible retail or restaurant layouts
  • MXE zoning supports retail, restaurant, gallery, and experiential concepts
  • National franchisee pre-signed lease supporting projected NOI

OVERVIEW

Offered at a 5% cap rate. Based on a national franchisee’s pre-signed lease, the property reflects an estimated potential net operating income of approximately $240,000 annually. All financial figures are projections derived solely from the tenant-executed lease and are provided for marketing and evaluation purposes only. Buyer is responsible for all independent verification, including income, expenses, performance, and future use potential. Seller makes no representation regarding actual or future operating income, and nothing herein shall be interpreted as a warranty of performance. Buyer may conduct full due diligence to evaluate potential uses, income scenarios, and long-term value. Contact for details.

FOR SALE DETAILS

PRICE

Request Info for Price

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Leased to National Franchise, $240,000 NOI

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

ADD'L SUBTYPES

Restaurant

TOTAL BUILDING SIZE

29,137 SF

STORIES

5

BUILDING CLASS

B

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

14

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

MXE

APN/PARCEL ID

02-3234-075-0010,02-3234-075-0070,02-3234-075-0110,02-3234-075-0180,02-3234-075-0310

ASK ABOUT THIS PROPERTY

Bimal RaiFirst Commercial Management USA, Inc.More Info
305-281-2186

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Bimal RaiFirst Commercial Management USA, Inc.More Info
305-281-2186

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