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969 Normandy Dr
Miami Beach, FL 33141
Normandy Isle Retail/Development Site · Retail Property For Sale
Investment Highlights
- Normandy Isle Grocery Anchored Retail Property on Two Large, Developable Lots Zoned CD-2 and RM-1, Totaling 39,750 SF of Land
- Includes 14,475 SF Retail Building – 100% Occupied by Sabor Tropical Supermarket and Advance Auto - Both Expire in '28 w/No Renewal Options
- North of Miami Beach has Seen a Development Boom with Multiple Retail, Hotel and Multi-Family Developments Currently in Planning or Under Construction
- Offering Allows for up to Five Stories of Multifamily / Mixed-Use Development, or the Ability to Raise Rents on Existing Leases, which are Short-Term
- Corner Location in Miami Beach on High Traffic Normandy Drive Just Across the Street From the Famous Normandy Fountain Plaza
- Subject Property Includes an 18,750 SF Surface Lot that is Adjacent to the Retail Parcel, Allowing for Additional Development and/or Parking Capacity
Property Facts
Property Type
Retail
Property Subtype
Storefront
Building Size
14,475 SF
Building Class
C
Year Built
1987
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
0.91 AC
Zoning
CD-2 - Commercial
Parking
15 Spaces (1.04 Spaces per 1,000 SF Leased)
Frontage
153’ on Normandy Dr
Amenities
- Signalized Intersection
Property Taxes
| Parcel Number | 02-3210-013-0410 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,224,185 |
Property Taxes
Parcel Number
02-3210-013-0410
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,224,185
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