460 W 41st St
Miami Beach, FL 33140

Marcus & Millichap is pleased to present the Chase Bank Building at 41st Street in Miami Beach. This 10,360 square foot retail building is anchored by Chase Bank and Kosher Price specialty supermarket, and also includes the well-known Tasty Beach Café & Deli. The property is ideally located along heavily-travelled West 41st Street (Arthur Godfrey Road) in Miami Beach. The beach lies just four blocks to the east and the entrance to I-195 is four blocks to the east, leading to mainland Miami and I-95. The supermarket and deli tenants both pay below market rents, providing medium to long-term upside for this irreplaceable corner location. There is a large municipal parking lot behind the property and the area boasts one-mile average household incomes in excess of $125,000. The subject property sits on the major commercial corridor that services the area of Miami Beach known to locals as “Mid Beach”. This is a dense suburban market with many affluent residential homes and high-end condominiums in the immediate area. Recently, the Ritz Carleton Residences was completed on Alton Road and West 47th street and there continues to be more development on the beach side of 41st street where the well-known Faena Hotel/Residential complex is adding multiple high-end properties in the coming year. Rarely does a prime corner retail property become available that is 100 percent occupied and includes a corporate Bank anchor tenant. This is an ideal investment for an exchange buyer looking for cash flow on an irreplaceable high traffic high visibility corner location.