USD 2,775,000

1226 Normandy Dr
Miami Beach, Florida 33141

For Sale

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’.

Listed by Gridline Properties

Property Details

ID #
A10925809
Status
Sale
Type
Commercial, Industrial
Zip Code
33141
Year Built
1953
Occupancy
Call Listing Agent
Utilities
Internet
Zoning Information
6400

Similar Listings