1226 Normandy Dr, Miami Beach FL 33141

Description of 1226 Normandy Dr, Miami Beach FL 33141

Prime North Beach Commercial Opportunity – Income-Producing Property with Redevelopment Potential. Located in the heart of North Beach, this exceptional commercial property is surrounded by ongoing new business activity, luxury condominium developments, and high-end construction throughout the Beach/Collins and North Bay Village. Strategically positioned between these thriving areas, the property benefits from strong visibility, traffic, and continued neighborhood growth. The existing shopping center is currently home to 9 established businesses, providing immediate income-producing potential for a new owner. Each of the 9 suites has its own individual FPL electric and water/sewer setup, offering flexibility and ease of management. All current tenants are secured under 2-year leases with options to renew, creating stability and an attractive opportunity for an investor seeking existing cash flow. The property currently offers the potential for approximately a 5.5% capitalization rate while maintaining the existing configuration. For investors and developers looking beyond the existing income stream, the property also offers significant redevelopment potential. Create approximately 14,350sqf of under air. The additional space could accommodate a wide range of uses, including, Schools and educational facilities, Professional and corporate offices, Medical and wellness offices, recording studios, Creative and entertainment businesses, Retail and service-oriented businesses

Property Details for 1226 Normandy Dr, Miami Beach FL 33141

Pool Private

No

Building Information for 1226 Normandy Dr, Miami Beach FL 33141

Building Area Total

6518

Building Area Units

Square Feet

Association

No

Property Information for 1226 Normandy Dr, Miami Beach FL 33141

Lot Size Square Feet

11,476

Waterfront

No

View

No

New Construction

No

Public Records for 1226 Normandy Dr, Miami Beach FL 33141

Parcel Number

02-32-10-013-1200

Tax Legal Description

2-3-10-11 53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOTS 7 THRU 11 LESS S25FT BLK 10 LOT SIZE 127.520 X 90 OR 16178-1263 1193 1

Zoning

6400

County Or Parish

Miami-Dade County

Location