1451 OCEAN DR Miami Beach, FL 33139

$1,450,000
1451 OCEAN DR, Miami Beach, FL 33139
Call 1-800-839-1363
A2183922

Commercial Property for sale in Miami Beach, FL

for $1,450,000. This 579 square foot building was built in 1998 on a lot size of 579 Sqft..

Property Information

  • $1,450,000
  • Commercial
  • 579 Square Feet
  • Taxes are $13,496
  • Condominium
  • Active
  • Lot size of 579 Sqft.
  • Built in 1998
  • Unit 102
  • Miami Beach, FL
  • Flamingo/Lummus Neighborhood
  • Miami-Dade County
  • Fees are $684
  • MLS/Web ID is A2183922

 Virtual Tour

Description

Unique Ocean Drive small retail condo in the prestigious Shoppes of IL Villaggio. Only small retail space with Ocean Drive frontage and outdoor terrace area available. High 17' ceiling with 23 feet of storefront. Includes one free parki ng space in covered parking garage during business hours. Privileged location enjoying high foot traffic. Exclusive use of outdoor terrace fronting Ocean Drive. New 10 year lease in place with Sbarro Pizza franchise. Annual net cash flow of $86, 850 with 3% annual base rent increases. Priced at 6% cap rate. Grease trap connection in place. Strategically located between two public beach access point, adjacent to the Park. Adjacent to top performing Starbucks and Haagen-Daz and across from the Front Porch. Excellent investment opportunity..

Interior 2

Flooring

  • Marble Floors
  • Tile Flooring

Water Source

  • Public Water

Exterior 3

Parking

  • 1-20 Parking Spaces
  • Covered Parking

Roof

  • Concrete

Waterfront Description

  • Beach Access

Miscellaneous 1

Maintenance Fee Includes

  • Electric
  • Grounds Maintenance
  • Insurance
  • Lawn Care
  • Management Fee
  • Other

† Excluded Feature

Listed By

Broker: A G REAL ESTATE SERVICES, INC.

1451 OCEAN DR , Miami Beach, FL, 33139 is a Commercial Property for sale at $1,450,000 with 579 sqft and a lot size of 579 Sqft.. 1451 OCEAN DR has 0.0 baths and was built in 1998. The property's zip code is 33139 which is in Miami Beach, FL

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Pricing History

Date Price Price Change Description
9/7/2017 $1,395,000 -3.79 % Price Change
9/7/2017 $1,450,000 7.41 % Price Change
8/29/2016 $1,350,000 -3.23 % Price Change
8/29/2016 $1,395,000 7.39 % Price Change
4/22/2016 $1,299,000 -3.78 % Price Change
4/22/2016 $1,350,000 3.93 % Price Change
2/9/2016 $1,299,000 -10.41 % Price Change
2/9/2016 $1,450,000 Price Change
10/4/2015 $1,450,000 Listed Price

Market Pricing

Average % of sale price Median % of sale price
All listings in Miami Beach $1,750,861 21 % above $599,000 59 % below
Commerical listings in Miami Beach $3,967,443 174 % above $3,000,000 107 % above

Get the facts about Miami Beach, FL!

Population 89,945
Population Growth (since 2000) 2 %
Median Income $51,768
Median Age 42.16
Households w/ Children 16 %

Residential Dwellings

  • Owned 18980
  • Vacant 18318
  • Rented 29384

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