Home » Miami Beach » 1451 Ocean Dr CU-102, Miami Beach, FL 33139 | A11605010

Retail For Sale 1451 Ocean Dr CU-102, Miami Beach, FL 33139

$4,650,000

Property Highlights

Listing ID A11605010 Status of this Listing: Active For Sale Property Type Commercial Sale Retail Building Area 579 Sqft/53.79 m2 approx. Lot area 2,623 Sqft/243.68 m2 approx. Year Built 1998 Waterfront Time of this property on Rebonus 239 Day(s)

1451 Ocean Dr CU-102, Miami Beach, FL 33139

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

Useful Info

Original List Price:$4,650,000

Lease Details

Lease Terms Description:4 To 6 Year Lease,Triple Net Lease

Land Lot (Parcel) Details

Lot Size Unit:Square Feet

Construction

Structure Type:
  • Retail
Road Frontage Type:
  • City Street

Property Features

Waterfront:Yes
Waterfront Features:
  • Ocean Access
  • Ocean Front

Taxes and Expenses

Tax Annual Amount:$20,962

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • 1031 Exchange
Occupant Type:
  • Tenant
Tenant Pays:
  • Electricity
  • Common Area Maintenance
  • Insurance
  • Other Tax
  • Taxes
  • Minor Interior Maintenance
Lease Considered:No

Community

Senior Community:No

Parking

Parking Total Spaces:6
Garage:Yes
Covered Spaces:0
Parking Features:
  • Garage
  • Covered

More Details

Other Information:
Property DescriptionRetail Condo 2 of 2
Flood ZoneAE
Common Area Maintenance IncludesExterior Electric,Outside Insurance,Exterior Maintenance,Trash Removal,Water
FEMA Flood Zone DesignationsAE
Municipal Code2
Subdivision Number165

Zoning and Legal

Tax Legal Description:SHOPPES OF IL VILLAGGIO CONDO UNIT CU-102 UNDIV 3.94% INT IN COMMON ELEMENTS OFF REC 22978-4816 COC 23056-4680 01 2005 1
Real Estate Folio Number (Parcel Number):02-32-34-165-0030
Zoning Description:6501
Public Survey Township:2
Public Survey Range:32
Public Survey Section:34

Listing History

Update/EventDate/Days
Published Date:June 11, 2024 7:01 pm
On Market Date:May 27, 2024
Price Change Date Time:June 11, 2024 11:03 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:June 11, 2024 7:01 pm
Status Last Changed:June 11, 2024 7:01 pm
Photos Last Modified:June 11, 2024 11:18 pm
Last Modified:October 18, 2024 1:03 am
Days on the Market Reference Date:October 18, 2024
Days on the Market (updated on Last Modified*):143
Cumulative Days on the Market (updated on Last Modified**):508

Additional Information

Number of Photos:36
Location:,,
Included:,,
Area:32
Courtesy of:Compass Florida, LLC.
Attribution:305-632-7195
Universal Property Id:US-12086-N-0232341650030-R-N

Location

Show Property Address:Yes
Street Name:Ocean Dr
Street Number:1451
Street Address:1451 Ocean Dr CU-102
Unit Number:CU-102
City : Miami Beach
State : Florida
Zip Code : 33139
County : Miami-Dade
Full Address:1451 Ocean Dr CU-102, Miami Beach, FL 33139
Latitude:N25° 47' 13.4''
Longitude:W81° 52' 15.4''

Neighborhood

Postal City:Miami Beach

Property Map