Home » Properties » 1446 Ocean Dr # 2, Miami Beach FL 33139

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Prime Retail Space on Ocean Drive, Miami Beach

800+ sqft retail space on Ocean Drive at a busy intersection, near popular cafes and hotels, with high foot traffic and an existing lease.

$1,500,000

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MLS #A11692887

Listing Updated: 2026-07-14 18:43:19

Listed By: Brown Harris Stevens

Overview

This prime retail space located at 1446 Ocean Dr #2 in Miami Beach offers over 800 square feet of commercial area with direct frontage on Ocean Drive. Situated at a bustling intersection near the beach walk, 15th Street, and the newly redeveloped pedestrian Alley Way, the location benefits from significant foot traffic. It is ideally positioned between the Front Porch Cafe and The Betsy Hotel, directly across from Il Villaggio, which hosts anchor tenants Starbucks and Haagen Daz. The space currently has a lease with a well-known hair stylist generating $10,000 per month with 3% annual escalations, making it a solid commercial opportunity. On-street parking is available for convenience.

Property Highlights

Over 800 sqft retail space, Ocean Drive frontage, busy intersection, near Front Porch Cafe & The Betsy Hotel, across from Il Villaggio, leased to hair stylist with $10,000/month rent, 3% annual escalation, on-street parking.

Property Details

City: Miami Beach

State: FL

Zip Code: 33139

Address: 1446 Ocean Dr # 2, Miami Beach FL 33139

Year Built: 1960

Property Type: Commercial Sale

Property Sub Type: Retail

Listing Office Name: Brown Harris Stevens

County: Miami-Dade County

Garage Spaces:

Parking Features: On Street

Interior Features:

Exterior Features:

Waterfront: No

Pool: No

HOA Fee: $0

Annual Tax: $5,371

Days On Market: 570 Days

Original Listing Description

Prime retail space on Ocean Drive. A 800+ sq ft of space with retail frontage directly on Ocean Drive. Located at busy intersection of beach walk, 15th street, Ocean Drive & the newly re-developed pedestrian "Alley Way". Ideally situated between the Front Porch Cafe & The Betsy Hotel and directly across from Il Villaggio with anchor tenants Starbucks & Haagen Daz provides high foot traffic. Well known Hair Stylist has recently entered into a lease generating $10,000/month with 3% annual escalations. All reasonable offers considered.

Property Location

Explore the surrounding area, nearby amenities, and neighborhood access for this property.

1446 Ocean Dr # 2, Miami Beach FL 33139

About This Neighborhood

Located in the heart of Miami Beach, this property benefits from a dynamic neighborhood known for its vibrant tourism and local commerce. Ocean Drive is famous for its iconic Art Deco architecture, bustling pedestrian activity, and proximity to the beach. The area offers a mix of dining, entertainment, and shopping options, making it a sought-after destination for both locals and visitors. Being near well-known landmarks and popular cafes enhances the retail appeal of this location.

Walkability & Lifestyle

Ocean Drive is renowned for its walkability, with easy access to restaurants, cafes, shops, and the beach. The pedestrian-friendly Alley Way and nearby beach walk create a vibrant atmosphere that encourages foot traffic. This makes the retail space highly accessible to both locals and tourists, enhancing daily convenience and business exposure.

Things To Do Nearby

The location offers abundant lifestyle amenities including beachfront activities, dining at renowned cafes and restaurants, nightlife, and cultural attractions. Visitors and residents enjoy walking along the beach, visiting art galleries, and attending events at nearby venues. The proximity to hotels and entertainment hubs adds to the area's dynamic character.

Nearby Schools

While this property is commercial, Miami Beach offers a range of educational institutions nearby, providing convenience for families living and working in the area. The proximity to schools enhances the overall neighborhood appeal and supports a balanced community environment.

Why Buyers Like This Area

Buyers appreciate this retail space for its prime Ocean Drive location, high visibility, and established tenant. The proximity to popular cafes, hotels, and pedestrian areas makes it a strong candidate for commercial use. The combination of steady foot traffic and a well-known neighborhood contributes to its appeal among investors and business owners.

Investment Potential

This retail space on Ocean Drive in Miami Beach presents an appealing opportunity due to its prime location and existing lease. The high foot traffic area ensures consistent visibility for businesses, attracting a steady flow of potential customers. The current lease with annual rent escalations adds a layer of income stability. Buyers looking for commercial properties in vibrant Miami Beach neighborhoods will find this space well-positioned for long-term usability and tenant interest.

Market Trends

Miami Beach's retail market remains active with steady demand for well-located commercial spaces. Properties on Ocean Drive are particularly attractive due to their exposure to both tourists and residents. Inventory in prime areas tends to be limited, which supports sustained interest from buyers and tenants alike. Market trends indicate a preference for spaces that combine visibility with accessibility, characteristics well met by this listing.

Rental Income Potential

The existing lease agreement with a reputable tenant generating $10,000 per month provides a reliable rental income stream. The contract includes a 3% annual escalation, which helps maintain income growth over time. Given the property's location in a high-traffic area, it is likely to attract continued tenant interest, supporting stable occupancy and rental potential.