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$4,900,000
A12069920 MLS
Prime North Beach Commercial Opportunity – Income-Producing Property with Redevelopment Potential. Located in the heart of North Beach, this exceptional commercial property is surrounded by ongoing new business activity, luxury condominium developments, and high-end construction throughout the Beach/Collins and North Bay Village. Strategically positioned between these thriving areas, the property benefits from strong visibility, traffic, and continued neighborhood growth. The existing shopping center is currently home to 9 established businesses, providing immediate income-producing potential for a new owner. Each of the 9 suites has its own individual FPL electric and water/sewer setup, offering flexibility and ease of management. All current tenants are secured under 2-year leases with options to renew, creating stability and an attractive opportunity for an investor seeking existing cash flow. The property currently offers the potential for approximately a 5.5% capitalization rate while maintaining the existing configuration. For investors and developers looking beyond the existing income stream, the property also offers significant redevelopment potential. Create approximately 14,350sqf of under air. The additional space could accommodate a wide range of uses, including, Schools and educational facilities, Professional and corporate offices, Medical and wellness offices, recording studios, Creative and entertainment businesses, Retail and service-oriented businesses

1226 Normandy Dr, Miami Beach

$4,450,000
3 Beds 4 Baths A12068484 MLS Di Lido Island BLDG.
Step Inside With Me! This enchanting European Villa on the Venetian Islands is distinguished by its idyllic pool setting and private gardens. Perfectly positioned on its end-of-island location on Di Lido, the property's lush courtyard entrance is framed by mature tropical landscaping. Upon entry, a light-filled gallery hall lined by impact glass French doors leads toward the main living spaces. The main salon consists of a fireplace lounge and TV room, light-filled dining area, and limestone flooring. The bright open kitchen is appointed with premium Viking refrigeration, gas cooktop, natural Blue Agate center island with waterfall and white quartz counters and backsplash, built-in wine refrigerator and pantry. The architectural Art Deco curved staircase leads to the primary suite -- a serene retreat with wood flooring, dual closets, contemporary bath with a standalone soaking tub and its own terrace. The home unfolds toward a magical outdoor setting, where a grand pool and spa are complemented by an enclosed outdoor living room for lounging and entertaining. Significantly updated by a meticulous end user, exterior upgrades include a new roof, replacement of coral keystone, painting, hurricane impact doors and windows throughout and full house generator. Ample driveway parking and a prominent gated entry complete the property. In close proximity to Sunset Harbour and the beach, this 3-bedroom, 3.5-bath home is the ultimate Venetian Islands escape.

109 1st Dilido Ter, Miami Beach

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