Commercial Sale · Mixed Use
233 1st St, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active86 days on marketListed May 22, 2026MLS #A12024132
About this property
The property at a glance
Rare redevelopment opportunity in the heart of South of Fifth. Located at 233 1st Street, this property is positioned on one of Miami Beach’s most desirable streets, moments from the beach, South Pointe Park, marinas, restaurants, and some of the area’s top luxury developments. Zoned C-PS1. Existing structure requires complete renovation/redevelopment and is being sold as-is. Exceptional opportunity for investors, developers, or end users seeking a prime South of Fifth location with long-term upside.
2,860
Building sq ft
$1,364
Price / sq ft
4,000
Lot sq ft
1924
Year built
6502
Zoning
Mixed Use
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
$21,272/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. Estimates only — taxes at 1.1%/yr and typical insurance; 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 Shawn 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
4,221
Population
$154,293
Median income
56
Median age
2
Avg household
$1,403,275
Median home value
$881/mo
Median rent
304
Households w/ kids
Consumer profile
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.
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.
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.
Meals are a social experience, and these foodies take it to the next level. This population can't wait to snap a pic of their plate and share it before chowing down.
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.
It's all about the grape. This population enjoys a trip to the vineyard to learn about wine and sharing a good bottle with friends and family.
Recent sales
What actually sold near 233 1st St
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$4,226,000
1685 Jefferson Ave, Miami Beach FL 33139
Sold May 25, 2025
$8,500
448 Ocean Dr, Miami Beach FL 33139
Sold Feb 10, 2025
$789,000
1400 20th St # 1416, Miami Beach FL 33139
Sold Jun 1, 2026
Your team
The pros in your corner
Your agent
Shawn Headley
Realtor · CENTURY 21 Edge
Tours, offers, and every question about 233 1st St — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 233 1st St.
See it in person
Schedule a tour
Live availability from Shawn's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of PGutman, LLC · Viktoria Eldridge. MLS #A12024132.
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®.
Never miss a listing
New MIAMI BEACH listings, in your inbox
A daily digest of every new listing in MIAMI BEACH — straight from the MLS, hours after it goes live. Unsubscribe anytime.