Property Rented to National Franchise — Great Investment, Steady Rental Income, and 1031 Exchange Opportunity, Prime Iconic world famous Ocean drive ! Sale price is based on 5% cap rate !
Iconic Ocean Drive front Commercial walk in property !
one-of-a-kind—on the world-renowned Ocean Drive, Miami Beach. Located directly across from the Miami Beach oceanfront and Lummus Park, this iconic location attracts tourists from around the world. The property enjoys open breezes from the beach and vibrant energy from Lummus Park, surrounded by a mix of historic charm and entertainment. It is also a hub for major high-end investment projects.
This unique combination of location and features cannot be duplicated.
• Features approximately 74 feet of Ocean Drive frontage
• The city may allow outdoor seating upon permits .
• Large window frontage and two separate entrances create a standout presence
• Prime corner location at 14th Street and Ocean Drive frontage along a highly traveled path for beachgoers.
These highly visible beachfronts are surrounded by luxury hotels, top-tier restaurants, and upscale retailers. Positioned in the heart of the bustling oceanfront district, the units benefit from constant foot traffic and flexible MXE zoning, allowing for a wide range of commercial uses.
With many high-end redevelopment projects in close proximity, this offering is ideal for an investor looking to benefit from rental income , national franchises, flagship presence in Miami Beach’s thriving retail and hospitality scene.
occupied by:
National Franchisee
This is a prime opportunity to capitalize on the continued growth and high demand for premium commercial space on iconic Ocean drive Miami Beach and vicinity .
( Details can be requested )
This is a prime opportunity to capitalize on the continued growth and high demand for premium commercial space in Miami Beach.