1451 Ocean Dr - 1451 Ocean Drive | Retail Condo Portfolio
2,623 SF Retail Condo Unit Offered at $4,650,000 in Miami Beach, FL 33139
EXECUTIVE SUMMARY
Seize a rare opportunity to own two premier retail condos, CU-104 and CU-102, at the prestigious Shoppes of Il Villaggio on Ocean Drive, Miami Beach. Now vacant and ready for immediate occupancy, these highly visible storefronts span 2,623 SF in one of South Beach’s most sought-after locations, surrounded by luxury hotels, top-tier restaurants, and high-end retailers. Positioned in the heart of the bustling oceanfront district, these units benefit from constant foot traffic, exclusive two-level outdoor terraces, and flexible MXE zoning, allowing for a variety of commercial uses. Just steps from The Collins, a $47M redevelopment of the historic Bancroft Hotel, this offering is ideal for an owner-user or investor looking to establish a flagship presence in Miami Beach’s thriving retail and hospitality scene. Previously occupied by a fine arts gallery, the space offers immense potential for high-end retail, showroom, or food & beverage concepts, with prior plans for a food hall/bar concept in Unit 102. The property includes six secured underground parking spaces, and restaurant/QSR use is possible with a hoodless oven, subject to minor non-compete covenants. Offered at $4.65M, this is a prime opportunity to capitalize on Miami Beach’s continued growth and demand for premium commercial space. *All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.
PROPERTY FACTS
1 UNIT AVAILABLE
Unit 102/104
| Unit Size | 2,623 SF |
| Price | $4,650,000 |
| Price Per SF | $1,772.78 |
| Condo Use | Retail |
| Sale Type | Investment or Owner User |
| Sale Conditions | High Vacancy Property |
SALE NOTES
Seize a rare opportunity to own two premier retail condos, CU-104 and CU-102, at the prestigious Shoppes of Il Villaggio on Ocean Drive, Miami Beach. Now vacant and ready for immediate occupancy, these highly visible storefronts span 2,623 SF in one of South Beach’s most sought-after locations, surrounded by luxury hotels, top-tier restaurants, and high-end retailers. Positioned in the heart of the bustling oceanfront district, these units benefit from constant foot traffic, exclusive two-level outdoor terraces, and flexible MXE zoning, allowing for a variety of commercial uses. Just steps from The Collins, a $47M redevelopment of the historic Bancroft Hotel, this offering is ideal for an owner-user or investor looking to establish a flagship presence in Miami Beach’s thriving retail and hospitality scene.
Previously occupied by a fine arts gallery, the space offers immense potential for high-end retail, showroom, or food & beverage concepts, with prior plans for a food hall/bar concept in Unit 102. The property includes six secured underground parking spaces, and restaurant/QSR use is possible with a hoodless oven, subject to minor non-compete covenants. Offered at $4.65M, this is a prime opportunity to capitalize on Miami Beach’s continued growth and demand for premium commercial space.
*All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.
AMENITIES
- 24 Hour Access
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Waterfront
- Recessed Lighting
- Balcony
NEARBY MAJOR RETAILERS
ZONING
| Zoning Code | MXE (6501 Commercial-MXE-Mixed-Use Entertainment District. See Condo Docs for additional regulations regarding company/business that will be permitted.) |
