1390 Ocean Dr - Leased to National Franchise | Sold at 5% Cap 1,947 SF Retail Condo Unit in Miami Beach, FL 33139

Positioned at the vibrant intersection of 14th Street and Ocean Drive, this commercial condominium offers a rare opportunity to own a piece of Miami Beach’s most iconic retail corridor. Directly across from the Atlantic Ocean and Lummus Park, the property benefits from uninterrupted beach breezes, high pedestrian visibility, and a dynamic mix of surrounding entertainment, hospitality, and retail destinations. The unit features approximately 70 feet of prime Ocean Drive frontage, with expansive glass windows and dual entrances that maximize exposure and accessibility. The city may permit outdoor seating, enhancing the appeal for food and beverage operators. Flexible MXE zoning supports a wide range of commercial uses, from boutique retail and gallery space to restaurant or experiential concepts. Currently occupied by a national franchise tenant, the property offers immediate income with a sale price based on a 5% capitalization rate. Its location within a high-demand redevelopment zone makes it an ideal candidate for a flagship retail presence or long-term investment. Past uses include resort wear boutiques, art galleries, and dining establishments, underscoring the space’s versatility and appeal. Surrounded by luxury hotels, top-tier restaurants, and upscale retailers, this condo is at the heart of Miami Beach’s thriving oceanfront district. With constant foot traffic and proximity to major investment projects, this is a rare chance to secure a legacy asset in one of the most recognized beachfront destinations in the world.