Mixed-Use Space in Miami Beach, FL – Versatile Revenue-Generating Opportunities

Category: Mixed-Use

Price:$3,850,000

Location: Miami Beach, FL

Year Built: 1966

Days on Market: 48

Description:

CU14 at Castle Beach Club Condominium is a versatile, revenue-generating mixed-use space that combines retail, service, and storage functions. It features four key commercial areas in the lobby: Front Desk Space – Leased to a travel agency, generating consistent rental income. Convenience Store – A licensed retail space (liquor, merchandise, tobacco, food, and catering), enhancing its commercial value. Art Studio – A creative workspace located behind the convenience store. Vending Machine Area – Strategically positioned for passive income from vending machines, an ATM, and other sources. CU14 includes five storage sections in the garage and limited common elements on floors 4 to 17, including shared garbage chute rooms and exclusive electrical panel rooms for operational independence.

CU14 generates revenue at Castle Beach Club through licensed retail, storage, and strategic vending, maximizing its exclusive-use and shared areas.

Listing Code: 1107164001