1451 Ocean Dr - Storefront Retail/Office CONDO FOR SALE


Miami Beach, FL 33139- Lummus Park
$1,450,000-$2,800,000 USD
305-968-8932
1451 Ocean Dr, Miami Beach, FL for Sale
$1,450,000-$2,800,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/13
579-2,044 SF | Request Cap Rate

1451 Ocean Dr
Miami Beach, FL 33139
Lummus Park


HIGHLIGHTS

  • Unique Opportunity to own ground floor space along Ocean Drive
  • Across the street from The Collins, an upcoming redevelopment featuring over 100,000 SF of Class A office and restaurant space
  • Dedicated on-site parking in underground parking lot
  • 27 Million visitors came to Miami last year - 43% stayed on Miami Beach
  • The avg international visitor spends 6.7 Days in Miami Beach and spends $1.6k per person

OVERVIEW

Upside Partners is proud to represent the ownership of two rare ground-level retail condos located in the prestigious Il Villaggio building at 1451 Ocean Drive in Miami Beach. These two retail condos offer unique, direct street-level frontage on one of the most iconic and high-traffic corridors in the world. These units can be sold individually or together. Both condos are currently vacant providing immediate availability and an opportunity for new ownership to either lease these units to a top tier tenant, or be utilized by an owner-occupant looking to capitalize on the offering. With dedicated on-site underground parking, a rare luxury in South Beach, the spaces are ideally suited for high-end retail, boutique, office, restaurant or service-based uses. The location is positioned directly across from the future development, The Collins, a 100,000+ SF redevelopment of The Bancroft Hotel, featuring Class A office and restaurant space. Additionally, since Ocean Drive has recently been reopened to two-way vehicle traffic, these units are poised to benefit from a resurgence in foot traffic, improved accessibility, and longterm value appreciation.

FOR SALE DETAILS

PRICE

$1,450,000-$2,800,000 USD

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Shoppes of Il Villaggio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

25,000 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,770 SF

ZONING

MXE

APN/PARCEL ID

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

ASK ABOUT THIS PROPERTY

Andrew RosenbergUpside PartnersMore Info
305-968-8932

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Andrew RosenbergUpside PartnersMore Info
305-968-8932

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