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1390 Ocean Dr - Leased to National Franchise, Offer at 5% Cap 1,947 SF Retail Condo Unit in Miami Beach, FL 33139
Investment Highlights
- Ideal for 1031 exchange buyers seeking stable investment income
- Direct beachfront positioning on Ocean Drive
- MXE zoning supports retail, restaurant, gallery, and experiential concepts
- Strong recession-resilient location with year-round tourism
- Dual access points for flexible retail or restaurant layouts
- National franchisee pre-signed lease supporting projected NOI
Executive Summary
Positioned at the vibrant intersection of 14th Street and Ocean Drive, this commercial condominium offers a rare opportunity to own a piece of Miami Beach’s most iconic retail corridor. Directly across from the Atlantic Ocean and Lummus Park, the property benefits from uninterrupted beach breezes, high pedestrian visibility, and a dynamic mix of surrounding entertainment, hospitality, and retail destinations. Surrounded by luxury hotels, top-tier restaurants, and upscale retailers, this condo is at the heart of Miami Beach’s thriving oceanfront district. With constant foot traffic and proximity to major investment projects, this is a rare chance to secure a legacy asset in one of the most recognized beachfront destinations in the world.
Property Facts
Amenities
- Restaurant
- Waterfront
1 Unit Available
Unit 105/106
| Unit Size | 1,947 SF | NOI | $240,000 |
| Condo Use | Retail | Sale Conditions | 1031 Exchange |
| Sale Type | Investment |
| Unit Size | 1,947 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| NOI | $240,000 |
| Sale Conditions | 1031 Exchange |
Description
Prime Ocean Drive retail condominium located at the corner of 14th Street and Ocean Drive, directly across Beach Front. Exceptional visibility with 70 feet plus of Ocean Drive frontage and dual access points. Surrounded by luxury hotels, restaurants, and high-traffic tourist corridors. MXE zoning allows a wide range of retail, restaurant, and experiential concepts
Sale Notes
Offered at a 5% cap rate. Based on a national franchisee’s pre-signed lease, the property reflects an estimated potential net operating income of approximately $240,000 annually. All financial figures are projections derived solely from the tenant-executed lease and are provided for marketing and evaluation purposes only. Buyer is responsible for all independent verification, including income, expenses, performance, and future use potential. Seller makes no representation regarding actual or future operating income, and nothing herein shall be interpreted as a warranty of performance. Buyer may conduct full due diligence to evaluate potential uses, income scenarios, and long-term value. Contact for details.
Nearby Major Retailers
Presented by
First Commercial Management USA, Inc.
1390 Ocean Dr - Leased to National Franchise, Offer at 5% Cap
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