1434 Collins Ave
Miami Beach, FL 33139

*** BANK OWNED REO! *** Meridian Commercial is pleased to offer for sale 1434 Collins Avenue, Suites 1-7 in The Atrium Condominium on Miami Beach, Florida. The Offering consists of the entire first floor, seven commercial condominium suites, totaling 4,681 usable square feet. The building is located within the Art Deco District on world famous South Beach, only steps from the Atlantic Ocean, Ocean Drive, and Lincoln Road Mall. The Betsy occupies all seven suites; however, they will be vacating on July 31st, 2020. Rare opportunity in this location for either an owner-user or an investor! ******************** The Atrium Condominium is a three-story 14,184 SF mixed-use building built in 1955 and zoned MXE. The Property was converted into a commercial condominium in 2007 and is comprised of 9 suites. Suites 1-7 (4,681 SF) comprise the entire first floor and range in size from 413 to 1,055 SF. The suites are currently 100% occupied by a single tenant (The Betsy) until July 31st, 2020 when all seven suites will be vacated. Suite 8 (5,125 SF) is located on the second floor and is occupied by Zoni Language Center. Suite 9 (4,378 SF) is located on the third floor and is currently being built-out as a hostile. Suites 8 and 9 are not part of the Offering. All suite sizes are in usable (not rentable) square feet and do not include a common area factor, which typically adds an additional 15-25% to the unit size for leasing. ******************** The Property is located between 14th and 15th Street on Collins Avenue within the Art Deco Historical District on world-famous South Beach. Situated directly fronting Collins Avenue, The Property is literally steps from Ocean Drive, the Atlantic Ocean, and the Lincoln Road Mall. The site is zoned MXE which allows for a multitude of uses including office, retail, multifamily and hospitality. The majority of the space is currently built-out as office space. Miami’s Art Deco Historic District boasts colorful buildings, interesting décor elements, intricate details and a century-old history that offers a glimpse into a bygone era. ******************** Please contact a member of the marketing team for more information on this listing or to schedule a property tour. Thank You for your interest in this listing - Meridian Commercial Team!