Address
1226 Normandy Dr Miami Beach, FL
Price
$ 2,775,000
Property Attributes
  • MLS#A10925809
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityMiami Beach
  • Area31
  • Zip33141
  • StyleRetail
  • Year Built1953
  • Taxes29633
  • Price$ 2,775,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,476 SqFt
Listing Provided Courtesy Of:
Gridline Properties
Property Description

1226 Normandy provides investors with a rare opportunity to acquire a multi-tenant retail building in the heart of Normandy Isle. The property is currently 100% occupied with tenants that are all on short term leases and sub-market rents. This may provide an investor with a strong upside potential to lease the spaces and bring the lease rates to market. Each retail unit is approximately 722 SF and is historically in high demand by local and national tenants. Given the location, small retail spaces, and convenient on-site parking, the property offers a low maintenance opportunity for short to mid-term investors. On a longer-term hold, the property also offers the opportunity to develop vertically with a height limit of 50'.

Price History
9/11/2020 Listed $2,775,000

General Features

MLS Area 31
Property SubType Retail
Property Type CommercialSale
Structure Type Office, Retail
Zoning Description 6400

Exterior Features

Covered Spaces 0.0
Lot Size Area 11476.0
Lot Size Square Feet 11476.0
Lot Size Units SquareFeet

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 33141

Price
AVG $2.97M
$2.78M
Taxes
AVG $24,305
$29,633
Visits
AVG 41
20
Year Built
AVG 1952
1953
Walkscore
AVG 71
91
Data Provided by Walkscore ® not using MLS data

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