1451 OCEAN DR # 102 Miami Beach, Florida 33139

List Price$1,395,000
Original Price$1,450,000 (3.8% off)
Living Area-
Lot Size579 sqft.
Year Built1998
Listing TypeCommercial
Maintenance Feen/a
Association Fee$684
StatusFor Sale
MLS# / Web IDA2183922
Excellent investment opportunity. Leased at a 6.6% cap rate, with annual 3% rent increases, triple net to owner. Unique Ocean Drive small retail condo at a premium in the prestigious Shoppes of IL Villaggio. Only small retail space with Ocean Drive frontage 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.
Contact Information
Listing courtesy of A G Real Estate Services, Inc.
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