Basic Information

  • MLS # A11605010
  • Type Retail
  • Status Active
  • Subdivision/Complex
  • Year Built 1998
  • Total Sqft 2,623
  • Date Listed 06/11/2024
  • Days on Market 155
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

Exterior Features

  • Waterfront Yes
  • WF Description Ocean Access, Ocean Front
  • Pool No
  • Parking Spaces 0
  • Parking Description Covered, Garage
  • Style Retail

Interior Features

  • Adjusted Sqft 2,623
  • Sqft 2,623

Property Features

  • Address 1451 Ocean Dr C U-102
  • Aprox. Lot Size 2,623
  • City Miami Beach
  • County Miami-Dade
  • Furnished Info No
  • Listing Terms Cash, Conventional, Exchange1031
  • Occupant Type Tenant
  • Parking Features Covered, Garage
  • Postal City Miami Beach
  • Public Survey Township 2
  • Short Sale Regular Sale
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $20,962
  • Tax Information 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
  • Tax Year 0
  • Terms Considered Cash, Conventional, Exchange1031
  • Type of Property Retail
  • Water Description Ocean Access, Ocean Front

1451 Ocean Dr #CU-102

Miami Beach, FL 33139

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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Compass Florida, LLC.. tel: 305-851-2820

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