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
Taxes
Visits
Year Built
Walkscore
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested
The data relating to real estate for sale/lease on this web site come in part from a cooperative data exchange program of the multiple listing service (MLS) in which this real estate firm (Broker) participates. The data is provided exclusively for the user's personal non-commercial use, and may not be used for any purpose other than to indentify properties that the user may be interested in purchasing or leasing. The properties displayed may not be all of the properties in the MLS's database, or
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
