Commercial Sale · Flex Space
1485 Bay Rd, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active299 days on marketListed Oct 21, 2025MLS #A11899562
About this property
The property at a glance
Premier South Beach Multifamily Investment Opportunity. Prime Corner Location | 8 Total Units | Redevelopment Potential. Presenting a rare opportunity to acquire a well-maintained eight-unit multifamily building in one of South Beach's most coveted locations. Situated on the prime corner of Bay Road directly across from the iconic Flamingo South Beach, this property offers exceptional visibility and an enviable address in the heart of Miami Beach's most dynamic neighborhood. Nearby luxury residential includes the Monad Terrace condominiums and several others. This premier corner parcel benefits from maximum exposure on Bay Road, one of South Beach's most desirable residential corridors.
5,600
Building sq ft
$625
Price / sq ft
0.1286
Lot acres
1947
Year built
1
Building
3900
Zoning
Flex Space
Property type
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$18,511/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. Your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Arlinda to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
23,083
Population
$70,404
Median income
41
Median age
2
Avg household
$377,608
Median home value
$1,724/mo
Median rent
1,591
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Recent sales
What actually sold near 1485 Bay Rd
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$4,300
323 NE 59th Ter # 323, Miami FL 33137
Sold Dec 3, 2024
$14,000
161 NE 24th St, Miami FL 33137
Sold Jan 1, 2025
$52,000
5956 NE 4 Ave # 5956, Miami FL 33137
Sold May 26, 2025
Your team
The pros in your corner
Your agent
Arlinda Gokyar
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 1485 Bay Rd — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1485 Bay Rd.
See it in person
Schedule a tour
Live availability from Arlinda's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of One Sotheby's International Realty · Allan Kleer. MLS #A11899562.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
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