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1215 West Ave
Miami Beach, FL 33139 West Avenue

$5,000,000 USD

Hotel Condo For Sale  •  5,174 SF

Property Details

  • Property Type Hotel
  • Total Building Size 55,963 SF
  • Lot Size 0.41 AC
  • Building Class B
  • Year Built 2016
  • Zoning RM-2
49 Transit Score
94 Walk Score

1 Unit Available

Name Condo Use Size Price Details
1st Floor - Unit 1 Retail 5,174 SF $5,000,000 USD
  • Unit Size: 5,174 SF
  • Condo Use: Retail
  • Price: $5,000,000 USD
  • Sale Type: Investment or Owner User
  • Price/SF: $966.37 USD
Description
RISE Realty is pleased to present this 5,174 SQ FT TRIPLE NET NNN RETAIL CONDO in the heart of Miami Beach, FL. 
Ocean Drive and the historic Art Deco District are less than a mile away from the subject location.

Sale Notes
Prime investment opportunity: Two fully leased NNN retail condos at 1215 West Ave in Miami Beach. Anchored by international brand Joe & The Juice and luxury salon Muse Beauty, generating a combined NOI of $257,413 with 3% annual increases. Offered at $5,000,000, reflecting a 5.12% cap rate. Strategic location beneath the ABAE Hotel with exceptional visibility and strong long-term upside.

Description 

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Highlights

Two fully leased retail condos beneath ABAE Hotel.
NN lease structures with strong annual rent escalations.
Prime South Beach corner surrounded by 40,000+ residents and 12M+ annual tourists.
Steps from Lincoln Road, Alton Rd, and Biscayne Bay.
Surrounded by new luxury condo developments (Monad Terrace, Five Park, Flamingo Point).

Amenities

  • 24 Hour Access
  • Balcony
  • Corner Lot
  • Pool
  • Restaurant
  • Signage
  • On-Site Retail
  • High Speed Internet Access
  • Storage Space
  • Patio
  • Air Conditioning
  • Meeting Event Space
  • Public Access Wifi
  • Smoke-Free
  • Fully-Equipped Kitchen

Public Transportation

Commuter RailDriveWalkDistance
Miami (Mainline - Brightline) 10 min - 4.9 mi
Miamicentral Station (Metrorail Transfer - MiamiCentral - Tri-Rail, West Palm Beach - MiamiCentral - Tri-Rail) 10 min - 5.0 mi
AirportDriveWalkDistance
Miami International 28 min - 15.1 mi
Fort Lauderdale/Hollywood International 40 min - 26.8 mi

Parking Details

Parking Available: Yes
Reserved: No
Type: Covered
Included in Rent: Yes
Keith Darby 305-859-1606 Rise Realty
Keith Darby 305-859-1606 Rise Realty