Rose Pierre Toussaint - Preferred Properties Int'l Realty, Inc Logo
$4,900,000
( $751.76Per Sq Foot )
 $26,304 est/mo Sourced by Back At You

1226 Normandy Drive,Miami Beach, FL 33141

Miami Beach, FL 33141

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Description

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

Details

MLS #A12069920
Listing TypeFor Sale
StyleRetail
Sub-TypeResale
StatusActive
Year1953
Days On Site67
Listing Provided ByOne Sotheby's International Realty | Casey Loundy

Features

SQ Feet6,518
Zoning6400
Acreage0.26

Area Information

StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area2320
Listing VS Median (in 33141)
Price:
$4,900,000
low | high
Med:
$117,500
100% of Average
sqft:
6,518
low | high
Med:
1,328
100% of Average
$ / sqft:
$752
low | high
Med:
$194
100% of Average
On site:
67
low | high
Med:
70.5
95.035460992908% of Average
Sourced by Back At You

Market Activity 33141

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Learn More About This Property

Rose Pierre Toussaint

Rose Pierre Toussaint

Preferred Properties Intl Realty Inc

SL3480578Accredited Buyer Representative, Accredited Seller Representation, NAR Realtor Pricing Strategy Advisor PSA, CPRES, AHWD (561) 494-4560rose@floridacozyhome.com
StateFL
CountyMiami Dade
CityMiami Beach
Zip Code33141
Area2320
Listing VS Median (in 33141)
Price:
$4,900,000
low | high
Med:
$117,500
100% of Average
sqft:
6,518
low | high
Med:
1,328
100% of Average
$ / sqft:
$752
low | high
Med:
$194
100% of Average
On site:
67
low | high
Med:
70.5
95.035460992908% of Average
Sourced by Back At You
Listing Updated: September 28, 2026 at 11:43:01 PM PDT

Rose Pierre Toussaint - Preferred Properties Int'l Realty, Inc