Income-Producing Shopping
For Sale
$4,900,000
1226 Normandy Dr, Miami Beach, FL 33141
Commercial Sale, Miami Beach, FL
Property SizeContact for details
Lot Size0.26 Acres
Days on Market56
Property Features for 1226 Normandy Dr
General Information
Property type
Commercial Sale
Property subtype
Retail
Zoning description
6400
Lot features
Flood Zone
Subdivision
32
Standard status
Active
APN
02-32-10-013-1200
Lot size
0.26 Acres
Taxes and HOA fees
Tax Description
2-3-10-11 53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOTS 7 THRU 11 LESS S25FT BLK 10 LOT SIZE 127.520 X 90 OR 16178-1263 1193 1
Legal Description
2-3-10-11 53 42 PB 25-60 OCEAN SIDE SEC ISLE OF NORMANDY LOTS 7 THRU 11 LESS S25FT BLK 10 LOT SIZE 127.520 X 90 OR 16178-1263 1193 1
Building Details
Year built
1953
Listing Agency:
One Sotheby's International Realty
(305) 538-9711
Listed By:
Casey Loundy · License #3289623
(786) 717-4517
Added: Aug 13
Changed: Oct 4
Last Checked: Oct 7 at 2:06AM
MLS# A12069920
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This shopping center in Miami Beach contains nine suites occupied by established businesses. Each suite has separate FPL electric and water/sewer service, creating distinct utility arrangements across the property. The existing tenancy is supported by two-year leases with options to renew, while the property’s current configuration offers an approximately 5.5% capitalization rate.
The property is located at 1226 Normandy Dr in Miami Beach’s North Beach area, within the 33141 postal code. The site encompasses 0.2635 acres, and the building was constructed in 1953. Beyond the current layout, the property is identified for redevelopment with approximately 14,350 square feet of under-air space. Potential future uses noted for the property include educational facilities, professional offices, medical and wellness offices, recording studios, creative businesses, retail, and service-oriented operations.
The property is located at 1226 Normandy Dr in Miami Beach’s North Beach area, within the 33141 postal code. The site encompasses 0.2635 acres, and the building was constructed in 1953. Beyond the current layout, the property is identified for redevelopment with approximately 14,350 square feet of under-air space. Potential future uses noted for the property include educational facilities, professional offices, medical and wellness offices, recording studios, creative businesses, retail, and service-oriented operations.
Key Highlights
- Nine established businesses occupy the shopping center’s suites
- Each of the 9 suites has individual FPL electric and water/sewer service
- Two‑year leases include options to renew
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,757
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 33141, FL
35,995
Population
21,793
Households
1.7
Avg Household Size
44
Median Age
44%
College-Educated
91%
High-School Grad
2.3 sq mi
ZIP Area
15,650
Density / Sq Mi
$64,457
Median Household Income
$36,899
Median Earnings
$1,739
Median Rent
$434,500
Median Home Value
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Market
Vacancy Rate% for Retail in South region
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Frequently Asked Questions
What type of property is this?
Shopping center - Established tenants occupy individually serviced suites under lease terms that include renewal options.
Where is this shopping center located?
The property is located at 1226 Normandy Dr Miami Beach, FL.
What is the asking price?
The asking price for this property is $4,900,000.
What are key features of this property?
This property features: Nine established businesses occupy the shopping center’s suites; Each of the 9 suites has individual FPL electric and water/sewer service; Two‑year leases include options to renew
