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    1226 Normandy Dr

    Miami Beach, FL 33141
    • $2,775,000
    • STATUS: Active
    • ON SITE: 18 days
    • ID#: A10925809
    UPDATED: 195 min ago
    $2,775,000
    • 0
      BEDS
    • 0.26
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Type:
    Commercial
    Built:
    1953
    County:

    School Ratings & Info

    Description

    1226 Normandy provides investors with a rare opportunity to acquire a multi-tenant retail building in the heart of Normandy Isle. The property is currently 100% occupied with tenants that are all on short term leases and sub-market rents. This may provide an investor with a strong upside potential to lease the spaces and bring the lease rates to market. Each retail unit is approximately 722 SF and is historically in high demand by local and national tenants. Given the location, small retail spaces, and convenient on-site parking, the property offers a low maintenance opportunity for short to mid-term investors. On a longer-term hold, the property also offers the opportunity to develop vertically with a height limit of 50.

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    Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2020-09-29T23:44:05.01.
    www.myrealestateauthority.com/homes/109923864
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    1226 Normandy Dr Miami Beach, FL 33141

    • Price: $2,775,000
    • Status: Active
    • Updated: 195 min ago
    • ID#: A10925809
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.26
    Acres
    1953
    Built
    County:
    Miami-Dade
    Property Description
    1226 Normandy provides investors with a rare opportunity to acquire a multi-tenant retail building in the heart of Normandy Isle. The property is currently 100% occupied with tenants that are all on short term leases and sub-market rents. This may provide an investor with a strong upside potential to lease the spaces and bring the lease rates to market. Each retail unit is approximately 722 SF and is historically in high demand by local and national tenants. Given the location, small retail spaces, and convenient on-site parking, the property offers a low maintenance opportunity for short to mid-term investors. On a longer-term hold, the property also offers the opportunity to develop vertically with a height limit of 50.
    Exterior Features

    Pool Private YN No Waterfront YN No

    Interior Features

    Building Area Total 6518

    Property Features

    Association YN No Business Type Office SpaceRetail Space Horse YN No Internet Address Display YN Yes Internet Automated Valuation Display YN Yes Internet Entire Listing Display YN Yes New Construction YN No Public Survey Section 10 Senior Community YN No Special Listing Conditions Sale Tax Annual Amount 29633

    Listing courtesy of Gridline Properties.


    Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. The data relating to real estate for sale on this web site comes in part from the participating Associations/MLS’s in the Southeast Florida Regional Multiple Listing Service cooperative agreement, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2020, Participating Associations/MLS’s in the SEFMLS, MIAMI Association of REALTORS, Realtor Association of Greater Ft. Lauderdale, South Broward Board of Realtors. All rights reserved. Use of search facilities of data on the site, other than a consumer looking to purchase real estate, is prohibited. Data last updated 2020-09-29T23:44:05.01.
     
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