1226 Normandy Dr, Miami Beach, FL 33141
1226 Normandy Dr, Miami Beach, FL 33141
1226 Normandy Dr, Miami Beach, FL 33141
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
William Gartin

William Gartin

+1(305) 842-6097
$4,900,000
Est. payment /mo
6,518 SqFt
Save Virtual Tour

UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,518 sqft

Price per Sqft $751

MLS Listing ID A12069920

HOA Y/N No

Year Built 1953

Lot Size 0.263 Acres

Property Sub-Type Retail

Property Description

Prime North Beach Commercial Opportunity – Income-Producing Property with Redevelopment Potential. Located in the heart of North Beach, this exceptional commercial property is surrounded by ongoing new business activity, luxury condominium developments, and high-end construction throughout the Beach/Collins and North Bay Village. Strategically positioned between these thriving areas, the property benefits from strong visibility, traffic, and continued neighborhood growth. The existing shopping center is currently home to 9 established businesses, providing immediate income-producing potential for a new owner. Each of the 9 suites has its own individual FPL electric and water/sewer setup, offering flexibility and ease of management. All current tenants are secured under 2-year leases with options to renew, creating stability and an attractive opportunity for an investor seeking existing cash flow. The property currently offers the potential for approximately a 5.5% capitalization rate while maintaining the existing configuration. For investors and developers looking beyond the existing income stream, the property also offers significant redevelopment potential. Create approximately 14,350sqf of under air. The additional space could accommodate a wide range of uses, including, Schools and educational facilities, Professional and corporate offices, Medical and wellness offices, recording studios, Creative and entertainment businesses, Retail and service-oriented businesses

Location

State FL

County Miami-dade

Area 31

Exterior

Private Pool Yes

Others

Tax ID 02-32-10-013-1200

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12069920

Read Less Info
Miami Association of Realtors (SEFMIAMI MLS)
Listed by One Sotheby's International Realty

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION

William Gartin

William Gartin

+1(305) 842-6097

Agent | License ID: 3422133

Agent License ID: 3422133

Name

Name

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from William Gartin, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.

};