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1975-1977 71st St
Miami Beach, FL 33141
Retail Property For Sale


Investment Highlights
- Fully updated with a New Roof (2026), Impact Windows/Doors (2025), and New Exterior Paint (2025).
- Dual-bay configuration (two 975 SF units) ideal for owner-users or multi-tenant income.
- Renovated showroom and new bathroom featuring Italian porcelain (2025).
- Positioned between the vertical luxury boom of North Bay Village and the increased density of North Beach. (72 Park, Ella Miami Beach)
Executive Summary
This 1,950 SF freestanding building in Normandy Isle, offered at $1,799,999, represents a fully modernized, low-CapEx acquisition with substantial immediate value. The property has been extensively hardened and upgraded, featuring a New Roof (2026), new impact doors and windows (2025), fresh exterior paint (2025), and a designer bathroom finished in Italian porcelain (2025). These specific improvements offer an investor significant long-term savings on insurance premiums and maintenance while providing a "plug-and-play" environment that bypasses the difficult Miami Beach permitting process. The asset is divided into two 975 SF bays; one is a meticulously finished luxury showroom, while the second offers the flexibility to be delivered "as-is" or renovated by the owner to the same high-end standard depending on the offer.
The location value is driven by its position at the primary transit gateway between the mainland and the ocean, placing it at the epicenter of a massive residential renaissance. To the west, North Bay Village is being reshaped by ultra-luxury towers like Shoma Bay, the Continuum Club, and Pagani Residences, while the immediate area to the east is densifying with projects like 72 Park and Ella Miami Beach. For the investor, this concentration of high-net-worth inventory ensures a captive, affluent consumer base and guaranteed land value appreciation.
The location value is driven by its position at the primary transit gateway between the mainland and the ocean, placing it at the epicenter of a massive residential renaissance. To the west, North Bay Village is being reshaped by ultra-luxury towers like Shoma Bay, the Continuum Club, and Pagani Residences, while the immediate area to the east is densifying with projects like 72 Park and Ella Miami Beach. For the investor, this concentration of high-net-worth inventory ensures a captive, affluent consumer base and guaranteed land value appreciation.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
1,950 SF
Building Class
C
Year Built
1952
Price
$2,458,133 CAD
Price Per SF
$1,260.58 CAD
Percent Leased
50%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.64
Lot Size
0.07 AC
Zoning
CD-1 - CD-1-COMMERCIAL, LOW INTENSITY
Parking
3 Spaces (1.66 Spaces per 1,000 SF Leased)
Frontage
58’ on 71st St
Property Taxes
| Parcel Number | 02-3210-002-0810 | Improvements Assessment | $693,603 CAD |
| Land Assessment | $434,407 CAD | Total Assessment | $1,128,010 CAD |
Property Taxes
Parcel Number
02-3210-002-0810
Land Assessment
$434,407 CAD
Improvements Assessment
$693,603 CAD
Total Assessment
$1,128,010 CAD
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