Basic Information

  • MLS # A12069920
  • Type Retail
  • Status Active
  • Year Built 1953
  • Total Sqft 11,476
  • Date Listed 08/13/2026
  • Days on Market 69
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

Exterior Features

  • Waterfront No
  • Parking Spaces 0
  • Pool No
  • Parking Description
  • Style Retail

Interior Features

  • Adjusted Sqft 11,476Sq.Ft
  • Sqft 11,476Sq.Ft

Property Features

  • Address 1226 Normandy Dr
  • Aprox. Lot Size 11,476
  • City Miami Beach
  • County Miami- Dade
  • Furnished Info no
  • Lot Features Flood Zone
  • Occupant Type Tenant
  • Postal City Miami Beach
  • Public Survey Township 2
  • Subdivision Complex
  • Subdivision Info
  • Tax Amount $0
  • Tax Legal desc 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
  • Tax Year 0
  • Type of Property Retail

1226 Normandy Dr

Miami Beach, FL 33141

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