1451 Ocean Dr #CU-102 Active

Miami Beach,FL 33139

$ 4650000

- Bed

0 Bath

579 SqFt


Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 579 sqft

Price per Sqft $8,031

MLS Listing ID A11605010

HOA Y/N No

Year Built 1998

Annual Tax Amount $20,962

Lot Size 2,623 Sqft

Property Description

Invest in prime commercial retail condos CU-104 and CU-102 at the prestigious Shoppes of Il Villaggio on Ocean Drive, Miami Beach. These units, positioned on the bustling South Beach oceanfront, benefit from high visibility and significant foot traffic, surrounded by upscale retailers, hospitality, and restaurant venues. Steps from The Collins, a $47M redevelopment project of the Historic Bancroft Hotel.

Both units, totaling 2,623 SF, are occupied by a fine arts gallery under a 5-yr lease with a renewal option, for steady revenue and enhancing the property's prestige. Listed at $4.65M for both units, this high-end investment opportunity promises continued growth and profitability in a sought-after market.

- CU-102 MLS #: A11605010
- CU-104 MLS #: A11600603

Location

State FL

County Miami-dade

Area 32

Direction Intersection of Ocean Drive and 15th Street on South Beach. One block off Collins Ave (A1A), adjacent to Lummus Park and the Art Deco Historic District. Across from Front Porch Cafe, Z Hotel, Drake Hotel, and The Betsy Hotel.

Exterior

Waterfront Yes

Waterfront Description Ocean Access,Ocean Front

Parking Type Covered,Garage

Total Parking Spaces 6

Garage Yes

Others

Tax ID 02-32-34-165-0030

Acceptable Financing Cash,Conventional,1031 Exchange

Listing Terms Cash,Conventional,1031 Exchange

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