1226 Normandy Drive 1216-1232 Normandy Dr Local commercial 606 m² 100 % Loué À vendre Miami Beach, FL 33141 4 219 194 € (6 967,63 €/m²) Taux de capitalisation 5,50 %

Trophy North Beach Retail Investment with Immediate Cash Flow and Exceptional Redevelopment Potential
Rare opportunity to acquire a fully leased neighborhood retail center in the heart of Miami Beach's rapidly transforming North Beach district. Strategically positioned along Normandy Drive, this 6,518 SF commercial asset is 100% occupied by nine established tenants, generating stable income while offering significant long-term appreciation potential.
Located between the explosive growth corridors of Collins Avenue, North Beach Town Center, and North Bay Village, the property benefits from strong pedestrian activity, growing residential density, luxury condominium development, and continued public and private investment throughout the surrounding area. Each suite is separately metered for electric and water, providing efficient management and operational flexibility.
For investors seeking both current yield and future upside, the property offers an attractive in-place income stream with the opportunity to expand to approximately 14,350 SF of air-conditioned space, creating a compelling value-add and redevelopment opportunity in one of Miami Beach's most active redevelopment corridors.
This is a rare chance to secure a stabilized retail investment while positioning for future growth within a high-demand coastal market.