1451 Ocean Dr - Apartments CONDO FOR SALE


Miami Beach, FL 33139- Lummus Park
$1,450,000-$2,800,000 USD
305-897-0939
1451 Ocean Dr, Miami Beach, FL for Sale
$1,450,000-$2,800,000 USD
Apartments CONDO - FOR SALE
1/12
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

This retail condo at Il Villaggio mirrors the prestige and accessibility of its counterpart, offering direct street-level exposure on Ocean Drive. With flexible use potential—ranging from high-end retail to restaurant or office—the space is a strategic investment in Miami Beach’s most vibrant corridor. The unit’s vacancy allows for immediate activation, whether through leasing to a premium tenant or owner-occupant use. Its proximity to The Collins redevelopment and the renewed traffic flow on Ocean Drive positions this asset for strong appreciation and sustained demand. The condo’s inclusion in a luxury mixed-use building further elevates its appeal to discerning investors and operators.

FOR SALE DETAILS

PRICE

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

CAP RATE

Request Cap Rate

# OF UNITS

2

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ground Floor Retail Condo For Sale

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

636,569 SF

STORIES

17

BUILDING CLASS

A

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.69 AC

LAND SF

73,616 SF

ZONING

MXE

APN/PARCEL ID

02-3234-115-0001,02-3234-115-0010,02-3234-115-0030,02-3234-115-0280,02-3234-115-0960,02-3234-165-0030,02-3234-165-0050

ASK ABOUT THIS PROPERTY

Andrew RosenbergUpside PartnersMore Info
305-897-0939

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Andrew RosenbergUpside PartnersMore Info
305-897-0939

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