Price: $1,450,000
MLS Number: A2183922
 Commercial / Investment - SOLD
1451 OCEAN DR Unit 102, Miami Beach, Florida 33139 USA
 Unit: 102
 
 HOA Fees: $684
 
 Date Sold: 11/16/2017
 
About this Property
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..

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MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of A G Real Estate Services, Inc..
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