1451 OCEAN DR Unit 102, Miami Beach, FL 33139

Unique Ocean Drive small retail condo in the prestigious Shoppes of IL Villaggio. Only small retail space with Ocean Drive frontage and outdoor terrace area available. High 17' ceiling with 23 feet of storefront. Includes one free parki ng space in covered parking garage during business hours. Privileged location enjoying high foot traffic. Exclusive use of outdoor terrace fronting Ocean Drive. New 10 year lease in place with Sbarro Pizza franchise. Annual net cash flow of $86,850 with 3% annual base rent increases. Priced at 6% cap rate. Grease trap connection in place. Strategically located between two public beach access point, adjacent to the Park. Adjacent to top performing Starbucks and Haagen-Daz and across from the Front Porch. Excellent investment opportunity..

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