1451 Ocean Dr Miami Beach, FL 33139

This exceptional investment opportunity presents two retail condos totaling 2,623 square feet, located at 1451 Ocean Drive #102 in Miami Beach, Florida, 33139. Situated within the prestigious Shoppes of Il Villaggio, these units boast a prime oceanfront location on the bustling South Beach strip, ensuring high visibility and significant foot traffic. Currently 100% occupied by a fine art gallery under a Net Net Net (NNN) lease, the property offers a stable income stream. The lease, with a remaining term of approximately 3.9 years (expiring October 15, 2028), provides a secure investment with a 5-year term and a renewal option. Built in 1998, this property benefits from its proximity to upscale retailers, hotels, and restaurants, further enhancing its value and appeal. The asking price for both units is $4,650,000, translating to a price per square foot of $1,772.78. This represents a compelling opportunity to acquire a high-end retail investment in a highly sought-after South Beach location, steps away from the $47 million redevelopment of the Historic Bancroft Hotel. The property's location and tenant ensure consistent revenue and long-term growth potential in this dynamic market.