Prime Retail Investment Opportunity – Miami Beach | $5,000,000

Description:

Located in the heart of Miami Beach, this prime retail property offers a rare opportunity to acquire a high-visibility asset in one of South Florida’s most sought-after markets. Situated at 1215 West Avenue, the property benefits from strong local demographics, year-round tourism, and close proximity to world-renowned destinations, including Lincoln Road, the beach, luxury hotels, and vibrant dining and entertainment venues.

The property features:

• Space #1: 1,970 SF – Leased to established international brand Joe & the Juice, providing stable tenancy and strong brand presence.
• Space #2 & #3: 2,238 & 967 – Available for lease, offering an exceptional opportunity for an owner-user or investor to secure a tenant in a high-demand retail corridor.

Total Retail Space for Sale: 5,174 SF – combining the leased and available units, providing a flexible investment with immediate income and long-term appreciation potential.

This asset offers strong pedestrian traffic, excellent street exposure, and positioning in a thriving commercial corridor, making it ideal for investors seeking income stability with upside through leasing or property appreciation.


Situated in the heart of South Beach.  One of the most visited areas in the world with over 12 million tourists annually, and a local residency of over 40,000 within 1 mile.  A walking score of 90+.  Walking distance to South Beach, Ocean Drive, and Lincoln Road.

 


• NOI: $257,413 annually
• Cap Rate: 5.12%
• 3% annual rent increases
• NNN lease structure
• Retail/commercial zoning
• High foot traffic location
• Surrounded by ongoing residential and commercial development