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Active - Business for sale
1226 Normandy Dr, Miami Beach FL 33141
Facts & features
Why you’ll love it
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
Listings courtesy of One Sotheby's International Realty.
Listed by: Casey Loundy • 786-717-4517 • One Sotheby's International Realty
Co-listed by: Roland Ortiz • 786-717-4517 • One Sotheby's International Realty
Source: Miami MLS, MLS#: A12069920
Based on info available as of Nov 13, 2026 at 7:00 PM EST.
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Affordability
$24,777/mo
- Mortgage$24,777
- Property tax$0
- HOA fee
- Homeowners insurance
Beycome estimates only. Actual amounts and terms vary by lender and location.
$98,000 Credit back
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Travel times
About Miami Beach
This local overview has been generated by Artur AI, for informational purposes only. Please verify all details independently before relying on it.
Flood & climate risk
FEMA Flood Zone AE
In a FEMA Special Flood Hazard Area — flood insurance is typically required with a federally-backed mortgage.
More details
Base flood elevation: 8 ft. Source: FEMA National Flood Hazard Layer. Confirm on the FEMA Flood Map.
Fire
Storm
Air quality
Pollen
Disclaimer
No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements.
Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions.
Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided.
Copyright ©2026.
Based on information as of Nov 13, 2026 at 07:00pm EST.
Make a winning offer, and get up to
$98,000 Credit back
