1800 N Bayshore Dr - Apartments CONDO FOR SALE


Miami, FL 33132- Edgewater
$3,950,000 USD
786-522-7009
1800 N Bayshore Dr, Miami, FL for Sale
$3,950,000 USD
Apartments CONDO - FOR SALE
1/12
null | 6.96% Cap Rate

1800 N Bayshore Dr
Miami, FL 33132
Edgewater


HIGHLIGHTS

  • Established Fitness Tenant: 10+ Years at Site | Highly Rated, Locally Recognized Fitness Operator
  • Absolute Net Lease: Zero Landlord Responsibilities
  • Modern Commercial Condo: Approx. 9,650 SF Including a 1,180 SF Terrace w/ Exclusive Use Rights Overlooking Bay
  • Densely Populated Area: Over 46,000 People Within 1 MI | AHHI of $95,000+ | Walking distance to Publix, Wynwood, and Downtown Miami
  • Qualifies For 100% Bonus Depreciation: Contact Listing Agent for Estimate of Saving
  • 3% Annual Rent Increases: Hedge Against Inflation & Steady Income Growth

OVERVIEW

Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors. The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers. The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator. The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$568 USD /SF

CAP RATE

6.96%

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Miami Strong Gym- NNN Lease

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential

TOTAL BUILDING SIZE

804,009 SF

STORIES

42

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.39 AC

LAND SF

60,548 SF

ZONING

SD-6

APN/PARCEL ID

01-3231-063-0180,01-3231-063-1140,01-3231-063-1990,01-3231-063-2180,01-3231-063-3430,01-3231-063-4450

ASK ABOUT THIS PROPERTY

Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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Scott SandelinThe Sandelin GroupMore Info
786-522-7009

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