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Unit Size: 6,950 SF
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Condo Use: Retail
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Price: $3,950,000 USD
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Sale Type: Investment
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Price/SF: $568.35 USD
Description
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors.
The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers.
The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator.
The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.
Sale Notes
Marcus & Millichap is pleased to present the exclusive opportunity to acquire Miami Strong Gym as tenant, a premier retail condominium investment located at 1800 N Bayshore Drive in Miami’s Edgewater neighborhood. The property occupies a prominent ground-floor position within The 1800 Club, a 42-story, 469-unit luxury condominium tower overlooking Margaret Pace Park and Biscayne Bay. This offering represents a rare opportunity to own a stabilized, income-producing retail asset in one of Miami’s most rapidly developing mixed-use corridors.
The subject property comprises approximately 9,650 total square feet, including 7,742 SF under air, a 728 SF balcony, and a 1,180 SF terrace, both of which offer exclusive use rights and unobstructed views of the bay and park below. The space features high ceilings, modern finishes, and direct frontage along N Bayshore Drive, providing excellent visibility and foot traffic from residents of the 1800 Club and surrounding towers.
The property is leased to Miami Strong Gym, a well-established and rapidly growing fitness brand that has become a cornerstone of the Edgewater community. The gym, with its 10+ year operating history, offers a full suite of strength training, functional fitness, and group class programs and is known for its professional coaching and community-driven culture. With an expanding membership base and consistent operating performance, Miami Strong Gym provides investors with stable, predictable income secured by a proven local operator.
The lease structure is an Absolute Triple Net (NNN), providing investors with a truly passive investment and zero landlord responsibilities. Miami Strong’s long-term tenancy further strengthens the asset’s stability and value through its established brand presence, consistent performance, and alignment with the area’s affluent and rapidly expanding demographic base.
Scott Sandelin
The Sandelin Group
