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$ 4,650,000
Est. payment | /mo
579 SqFt
$ 4,650,000
Est. payment | /mo
579 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 579 sqft
Price per Sqft $8,031
MLS Listing ID A11605010
HOA Y/N No
Year Built 1998
Annual Tax Amount $20,962
Lot Size 2,623 Sqft
Property Description
Invest in prime commercial retail condos CU-104 and CU-102 at the prestigious Shoppes of Il Villaggio on Ocean Drive, Miami Beach. These units, positioned on the bustling South Beach oceanfront, benefit from high visibility and significant foot traffic, surrounded by upscale retailers, hospitality, and restaurant venues. Steps from The Collins, a $47M redevelopment project of the Historic Bancroft Hotel.
Both units, totaling 2,623 SF, are occupied by a fine arts gallery under a 5-yr lease with a renewal option, for steady revenue and enhancing the property's prestige. Listed at $4.65M for both units, this high-end investment opportunity promises continued growth and profitability in a sought-after market.
- CU-102 MLS #: A11605010
- CU-104 MLS #: A11600603
Both units, totaling 2,623 SF, are occupied by a fine arts gallery under a 5-yr lease with a renewal option, for steady revenue and enhancing the property's prestige. Listed at $4.65M for both units, this high-end investment opportunity promises continued growth and profitability in a sought-after market.
- CU-102 MLS #: A11605010
- CU-104 MLS #: A11600603
Location
State FL
County Miami-dade
Area 32
Direction Intersection of Ocean Drive and 15th Street on South Beach. One block off Collins Ave (A1A), adjacent to Lummus Park and the Art Deco Historic District. Across from Front Porch Cafe, Z Hotel, Drake Hotel, and The Betsy Hotel.
Exterior
Waterfront Description Ocean Access,Ocean Front
Total Parking Spaces 6
Garage Yes
Others
Tax ID 02-32-34-165-0030
Acceptable Financing Cash, Conventional, 1031 Exchange
Listing Terms Cash, Conventional, 1031 Exchange
Listed by Compass Florida, LLC.
MORTGAGE CALCULATOR
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