1226 Normandy Drive, Miami Beach, FL 33141
$4,900,000
Property Type:
Commercial Sale
Square Footage:
6,518
Status:
Active
Current Price:
$4,900,000
List Date:
8/13/2026
Last Modified:
9/10/2026
Overview
Description
...
(Read more)
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
Listing Details MLS# A12069920
General Property Information
- Property Sub Type
- Retail
- Occupant Type
- Tenant
- Building Area Main
- 6518
- Year Built
- 1953
- Lot Size Area
- 11476
- Lot Size Acres
- 0.26
Property Features
Business Type:
Retail
Structure Type:
Office; Retail
Contract Information
- Comp Sale YN
- No
- Original List Price
- 4900000
Location and Legal
- Country
- United States
- County Or Parish
- Miami-Dade
- County Parish Name
- Miami-Dade
- Street Number
- 1226
- Street Name
- Normandy
- Street Suffix
- Drive
- City Name
- Miami Beach
- Municipal Code
- 2
- State Or Province
- FL
- Postal Code
- 33141
- Postal Code +4
- 3611
- Area
- 2320
- Parcel Number
- 0232100131200
- Subdivision Number
- 13
- Zoning
- 6400
- Flood Zone
- AE
Financial Information
- 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
Status Change Information
- Major Change Timestamp
- 2026-08-13T04:00:00Z
- Major Change Type
- New Listing
- Status Change Date
- 2026-08-13
More Information
Price Calculations
- Current Price To SqFt
- 751.76
Section Details
- Parcel Number MLX
- 1200
Originating Details
- Originating System Key
- 548544270
- Originating System ID
- M00000151
Listing Office:
One Sotheby's International Realty
Last Updated: September - 10 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
