1451 Ocean Dr - Storefront Retail/Office CONDO FOR SALE


Miami Beach, FL 33139- Lummus Park
$4,650,000 USD
305-632-7195
1451 Ocean Dr, Miami Beach, FL for Sale
$4,650,000 USD
Storefront Retail/Office CONDO - FOR SALE
1/47
null | Request Cap Rate

1451 Ocean Dr
Miami Beach, FL 33139
Lummus Park


OVERVIEW

Seize a rare opportunity to own two premier retail condos, CU-104 and CU-102, at the prestigious Shoppes of Il Villaggio on Ocean Drive, Miami Beach. Now vacant and ready for immediate occupancy, these highly visible storefronts span 2,623 SF in one of South Beach’s most sought-after locations, surrounded by luxury hotels, top-tier restaurants, and high-end retailers. Positioned in the heart of the bustling oceanfront district, these units benefit from constant foot traffic, exclusive two-level outdoor terraces, and flexible MXE zoning, allowing for a variety of commercial uses. Just steps from The Collins, a $47M redevelopment of the historic Bancroft Hotel, this offering is ideal for an owner-user or investor looking to establish a flagship presence in Miami Beach’s thriving retail and hospitality scene. Previously occupied by a fine arts gallery, the space offers immense potential for high-end retail, showroom, or food & beverage concepts, with prior plans for a food hall/bar concept in Unit 102. The property includes six secured underground parking spaces, and restaurant/QSR use is possible with a hoodless oven, subject to minor non-compete covenants. Offered at $4.65M, this is a prime opportunity to capitalize on Miami Beach’s continued growth and demand for premium commercial space. *All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.

FOR SALE DETAILS

PRICE

$4,650,000 USD

PRICE/SF

$1,773 USD /SF

CAP RATE

Request Cap Rate

# OF UNITS

1

CONDO SIZE

-

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

1451 Ocean Drive | Retail Condo Portfolio

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

undefined, Restaurant, Storefront

TOTAL BUILDING SIZE

25,000 SF

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1998

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

2.18 AC

LAND SF

94,770 SF

ZONING

MXE

APN/PARCEL ID

02-3234-165-0030,02-3234-165-0050

ASK ABOUT THIS PROPERTY

Jesse SpencerJ+ Group | Compass CommercialMore Info
305-632-7195

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Jesse SpencerJ+ Group | Compass CommercialMore Info
305-632-7195

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.