$1,450,000
$1,450,000
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1451 OCEAN DR #102 Miami Beach, FL 33139
579 SqFt
Key Details
Sold Price $1,450,000
Property Type Condo, Commercial
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 579 sqft
Price per Sqft $2,504
MLS Listing ID A2183922
HOA Fees $684
Year Built 1998
Annual Tax Amount $13,496
Tax Year 2016
Property Sub-Type Condominium
Property Description
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..
Location
State FL
County Miami-dade County
Area 32
Interior
Flooring Marble, Slate, Tile
Exterior
Roof Type Concrete
Building
Story 2
Sewer Public Sewer
Water Public
Structure Type Block
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Bought with Compass Florida, LLC