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1451 Ocean Dr - Ground Floor Retail Condo For Sale 579 - 2,044 SF Office/Retail Condo Units Offered at $1,450,000 - $2,800,000 Per Unit in Miami Beach, FL 33139
INVESTMENT HIGHLIGHTS
- Unique Opportunity to own ground floor space along Ocean Drive
- Dedicated on-site parking in underground parking lot
- The avg international visitor spends 6.7 Days in Miami Beach and spends $1.6k per person
- Across the street from The Collins, an upcoming redevelopment featuring over 100,000 SF of Class A office and restaurant space
- 27 Million visitors came to Miami last year - 43% stayed on Miami Beach
EXECUTIVE SUMMARY
Upside Partners is proud to represent the ownership of two rare ground-level retail condos located in the prestigious Il Villaggio building at 1451 Ocean Drive in Miami Beach. These two retail condos offer unique, direct street-level frontage on one of the most iconic and high-traffic corridors in the world. These units can be sold individually or together. Both condos are currently vacant providing immediate availability and an opportunity for new ownership to either lease these units to a top tier tenant, or be utilized by an owner-occupant looking to capitalize on the offering. With dedicated on-site underground parking, a rare luxury in South Beach, the spaces are ideally suited for high-end retail, boutique, office, restaurant or service-based uses. The location is positioned directly across from the future development, The Collins, a 100,000+ SF redevelopment of The Bancroft Hotel, featuring Class A office and restaurant space. Additionally, since Ocean Drive has recently been reopened to two-way vehicle traffic, these units are poised to benefit from a resurgence in foot traffic, improved accessibility, and longterm value appreciation.
DATA ROOM Click Here to Access
- Offering Memorandum
PROPERTY FACTS
| Total Building Size | 636,569 SF | Floors | 17 |
| Property Type | Multifamily | Typical Floor Size | 47,294 SF |
| Property Subtype | Apartment | Year Built | 1998 |
| Building Class | A | Lot Size | 1.69 AC |
| Zoning | MXE - Mixed Use Entertainment | ||
| Total Building Size | 636,569 SF |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | A |
| Floors | 17 |
| Typical Floor Size | 47,294 SF |
| Year Built | 1998 |
| Lot Size | 1.69 AC |
| Zoning | MXE - Mixed Use Entertainment |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Dishwasher
- Disposal
- Microwave
- Washer/Dryer
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Hardwood Floors
- Stainless Steel Appliances
- Tub/Shower
- Views
- Dining Room
- Family Room
- Island Kitchen
- Recreation Room
- Vacuum System
- Wheelchair Accessible (Rooms)
- Floor to Ceiling Windows
SITE AMENITIES
- 24 Hour Access
- Clubhouse
- Concierge
- Fitness Center
- Pool
- Sauna
- Spa
- Tenant Controlled HVAC
- Waterfront
- Disposal Chutes
- Doorman
- Gameroom
- Grill
- Media Center/Movie Theatre
- Walking/Biking Trails
- Bicycle Storage
- Elevator
2 UNITS AVAILABLE
Unit 102
| Unit Size | 579 SF | Condo Use | Office/Retail |
| Price | $1,450,000 | Sale Type | Investment |
| Price Per SF | $2,504.32 | No. Parking Spaces | 1 |
| Unit Size | 579 SF |
| Price | $1,450,000 |
| Price Per SF | $2,504.32 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
DESCRIPTION
Two retail condos available for purchase separately or as a package
SALE NOTES
Positioned directly on the iconic Ocean Drive, this rare ground-level retail condo offers unmatched visibility and prestige in the heart of South Beach. With immediate street-level access and dedicated underground parking, the space is ideally suited for luxury retail, boutique, or service-based use. Its location across from the upcoming redevelopment of The Bancroft Hotel into “The Collins”—a 100,000+ SF Class A office and restaurant destination—adds long-term value and synergy for future tenants or owner-users. The unit is currently vacant, providing a blank canvas for customization and immediate occupancy.
This condo benefits from the recent reopening of Ocean Drive to two-way traffic, enhancing accessibility and foot traffic. Whether leased to a top-tier brand or occupied by an owner-user, the space offers a rare opportunity to establish a flagship presence in one of the world’s most recognized retail corridors.
Unit 102
Unit 102
Unit 102
Unit 102
Unit 104
| Unit Size | 2,044 SF | Condo Use | Office/Retail |
| Price | $2,800,000 | Sale Type | Investment |
| Price Per SF | $1,369.86 | No. Parking Spaces | 8 |
| Unit Size | 2,044 SF |
| Price | $2,800,000 |
| Price Per SF | $1,369.86 |
| Condo Use | Office/Retail |
| Sale Type | Investment |
| No. Parking Spaces | 8 |
DESCRIPTION
Two retail condos available for purchase separately or as a package
8 parking spaces during business hours & 3 parking spaces after hours
SALE NOTES
This retail condo at Il Villaggio mirrors the prestige and accessibility of its counterpart, offering direct street-level exposure on Ocean Drive. With flexible use potential—ranging from high-end retail to restaurant or office—the space is a strategic investment in Miami Beach’s most vibrant corridor. The unit’s vacancy allows for immediate activation, whether through leasing to a premium tenant or owner-occupant use.
Its proximity to The Collins redevelopment and the renewed traffic flow on Ocean Drive positions this asset for strong appreciation and sustained demand. The condo’s inclusion in a luxury mixed-use building further elevates its appeal to discerning investors and operators.
Unit 104
Unit 104
Unit 104
Unit 104
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1.5 | 11 | - | 1,210 |
| 1+2 | 11 | - | 1,370 |
| 2+2 | 6 | - | 1,450 |
| 2+2.5 | 39 | - | 1,450 - 1,700 |
| 2+3 | 12 | - | 1,780 |
| 2+3.5 | 12 | - | 2,820 |
| 3+3 | 12 | - | 1,810 |
| 3+4.5 | 24 | - | 2,250 - 2,310 |
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1451 Ocean Dr - Ground Floor Retail Condo For Sale
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