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Apartments Condos For Sale • 579+ SF
| Name | Condo Use | Size | Price | Details |
|---|---|---|---|---|
| 1st Floor - Unit 102 | Office/Retail | 579 SF | $1,450,000 USD | |
DescriptionTwo retail condos available for purchase separately or as a package Sale NotesPositioned 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. |
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| 1st Floor - Unit 104 | Office/Retail | 2,044 SF | $2,800,000 USD | |
DescriptionTwo retail condos available for purchase separately or as a package 8 parking spaces during business hours & 3 parking spaces after hours Sale NotesThis 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. |
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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.
| Unique Opportunity to own ground floor space along Ocean Drive |
| Across the street from The Collins, an upcoming redevelopment featuring over 100,000 SF of Class A office and restaurant space |
| Dedicated on-site parking in underground parking lot |
| 27 Million visitors came to Miami last year - 43% stayed on Miami Beach |
| The avg international visitor spends 6.7 Days in Miami Beach and spends $1.6k per person |
| Total Expenses: | $0 USD |
| Tenant | SF Occupied | Lease End Date |
|---|---|---|
| Anthony Karpawich Jr. | ||
| Avenue Title Group | ||
| Ivan Schneider | ||
| Miura LLC | ||
| Riad & Lama Kabakibi | ||
| Spectrum Realty Group LLC | ||
| Starbucks |
| Commuter Rail | Drive | Walk | Distance |
|---|---|---|---|
| Miami (Mainline - Brightline) | 12 min | - | 5.8 mi |
| Miamicentral Station (Metrorail Transfer - MiamiCentral - Tri-Rail, West Palm Beach - MiamiCentral - Tri-Rail) | 13 min | - | 5.9 mi |
| Airport | Drive | Walk | Distance |
| Miami International | 30 min | - | 16.0 mi |
| Fort Lauderdale/Hollywood International | 42 min | - | 27.3 mi |
| Parking Available: | Yes |
| Reserved: | No |
| Type: | Covered |
| Included in Rent: | Yes |
Andrew Rosenberg
Upside Partners
Andrew Rosenberg
Upside Partners
