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Off Market
1/18

1451 Ocean Dr
Miami Beach, FL 33139


HIGHLIGHTS

  • Fully occupied retail condo at the Shoppes of Il Villaggio overlooking Ocean Drive in the heart of Miami Beach.
  • Conveniently located one block off the A1A, adjacent to Lummus Park and the Art Deco Historic District.
  • Strategically developed along the Miami Beach Ocean Walk, surrounded by high-end hotels, shopping, and entertainment experiences.
  • Positioned in a highly sought-after commercial node bolstered by a dense residential population and strong tourism.
  • Excellent opportunity for an investor looking to enter a competitive market with a stable, well-performing restaurant and café.
  • The area benefits from an average household income of $106,359 in a 3-mile radius and a total consumer spending of $3.2 billion in a 5-mile radius.

OVERVIEW

1451 Ocean Drive CU-103 is a fully occupied, income-producing restaurant and café located within the prestigious Shoppes of Il Villaggio, a small shopping gallery with retail and dining options positioned on the ground floor of a high-end residential condo building. The property is strategically positioned along Ocean Drive, a major thoroughfare through Miami Beach, in a high foot traffic area offering excellent visibility to residents and vacationers. With over 100 hotels within a half-mile radius, 33 of which are based in the highest classifications of Upper Upscale and Luxury, and 14 shopping centers within 1 mile offering high-end retailers, Miami Beach lends itself as the premier destination in South Florida. The exquisitely designed restaurant and café offer 19-foot ceilings rounding out 890 square feet on the ground floor with a 300-square-foot mezzanine and a 600-square-foot outdoor patio. The entire floor plan can accommodate up to 60 seats, 25 inside and 35 outside. 1451 Ocean Drive CU-103 is tastefully detailed with high-end finishes and top-quality materials for a fresh and modern environment, welcoming from the very first moments. The space is fully equipped with a bar and a grab-and-go corner for pizza and bakery items. 1451 Ocean Drive CU-103 presents an exceptional opportunity for an investor desiring an income-producing property with a stable tenant in a flourishing market. The immediate area is characterized by dense commercial development reinforced by strong demographics. There are 239,731 residents, 198,960 daytime employees, and 22,069 businesses within a five-mile radius of the property. The average household income is $106,359 within three miles and the total annual consumer spending is over $3.2 billion within five miles. Miami Beach not only caters to the lavish lifestyle of its residents, but it is also a destination for national and international tourists, models, and celebrities. 1451 Ocean Drive CU-103 combines its notable location just off the oceanfront in the headquarters of the Art-Deco District with its strategic position within the dynamic and growing city of Miami Beach to provide all the necessary ingredients for a successful investment in a highly sought-after market.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

CU-103 - The Shoppes of Il Villaggio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Fast Food

TOTAL BUILDING SIZE

1200

STORIES

1

YEAR BUILT

1998

SPRINKLERS

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PARKING SPACES

6

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

02-3234-165-0030,02-3234-165-0050