Interior
- Bathrooms
- 0
Active · Retail
$1,500,000
1446 Ocean Dr 1 & 2, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1960
- Lot size
- —
- HOA fee
- —
- Annual tax
- $5,371
About this property
Prime retail space on Ocean Drive. A 800+ sq ft of space with retail frontage directly on Ocean Drive. Located at busy intersection of beach walk, 15th street, Ocean Drive & the newly re-developed pedestrian "Alley Way". Ideally situated between the Front Porch Cafe & The Betsy Hotel and directly across from Il Villaggio with anchor tenants Starbucks & Haagen Daz provides high foot traffic. Well known Hair Stylist has recently entered into a lease generating $10,000/month with 3% annual escalations. All reasonable offers considered.
Property location
Get Directions1446 Ocean Dr 1 & 2, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Retail
- Year built
- 1960
- Lot size
- 0 sq ft
- Construction
- Block, Stucco
Parking
- Covered spaces
- 0
- Parking features
- On Street
HOA, Community & Financials
- Annual tax
- $5,371
- County
- Miami-Dade
- Days on market
- 547
- MLS listing ID
- A11692887
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$1,008
- Cap rate
- 4.9%
- Net yield
- 4.9%
- Cash-on-cash return
- -2.9%
- Gross yield
- 6.6%
- Mortgage payment
- $7,111/mo
- Down payment
- $375,000
- Loan amount
- $1,125,000
- Annual NOI
- $73,229
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.