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7116 Bay Drive, Miami Beach, FL 33141 (MLS# A10066493)

7116 Bay Drive, Miami Beach, FL 33141

$1,345,000
Property Type: Commercial Sale Status: Closed
Current Price: $1,345,000 List Date: 4/12/2016 Last Modified: 6/11/2026

Overview

Description

Very good deal for a Mixed Use(Commercial & Residential Building)in Normandy Island in Miami Beach. Near to every thing, Famous Restaurants Gas stations, Super markets, Doctors, Dentals & Attorneys offices.Building has several commercial spaces:Barber shop,Retail clothes store and Beauty saloon.Residential units are occupied, for long time tenants, price is under Miami Beach Market value.Month to month Leases, New Buyer can increase rents according currently range price in the area.

Listing Details MLS# A10066493

General Property Information

Property Sub Type
Multi Family
Occupant Type
Tenant
Year Built
1940
Year Built Details
YearBuiltDescription Resale
Parking Total
10
Lot Size Area
8125
Lot Size Acres
0.19
Stories Total
2

Property Features

Building Features: Exterior Lighting; Fenced Area; Storage Common Area Maintenance Includes: Exterior Electric; Fire Liability Insurance Documents Available: Owner Managed; Rent Rolls; Title/Abstracts Electric: 110 Volts; 220 Volts; Separate Meters Flooring: Parquet; Tile Heating: Window/Wall Location of Property: City Location; In Residential Area Parking Features: Common; No Truck/Trailer Possession: Negotiable Property Condition: Resale Sale Includes: Building; Land; Leases Special Licenses: City License; Occupational Tenant Pays: Electricity; Exterior Electric; Fire Liability Insurance; Insurance Cooling: Wall/Window Unit(s) Listing Terms: Cash Road Frontage Type: City Street Roof: Tile Security Features: Fire Alarm; Security Fence; Smoke Detector(s) Special Information: Corporate Owned Water Source: Public Showing Requirements: 24 Hour Notice; Appointment Only; Call Listing Agent Contingencies: None

Contract Information

Comp Sale YN
No
Original List Price
1550000

Location and Legal

Country
United States
County Or Parish
Miami-Dade
County Parish Name
Miami-Dade
Street Number
7116
Street Name
Bay
Street Suffix
Drive
City Name
Miami Beach
Municipal Code
2
State Or Province
FL
Postal Code
33141
Postal Code +4
5482
Area
2320
Parcel Number
0232100130330
Subdivision Number
13
Zoning
RO
Directions
Coming from Collins Ave South o North, make left in 71 St to Bay Drive, in the left side is the Building,next to Bay Supermarket
Property Description
Mixed use Store/Residntial

Financial Information

Tax Annual Amount
13650
Tax Year
2015
Tax Legal Description
2-3-10-11 53 42 OCEAN SIDE SEC OF ISLE OF NORMANDY PB 25-60 S50FT OF LOT 5 & S50FT OF E62.18 FT OF LOT 4-A BLK 3 LOT SIZE 50.000 X 168 OR 18

Status Change Information

Major Change Timestamp
2016-10-14T23:11:27Z
Major Change Type
Status Change
Status Change Date
2016-10-23
Under Contract Date
2016-08-29
Close Date
2016-10-14
Close Price
1345000
Buyer Financing
Cash

More Information

Building and Property Details

Improvement Height
2 Stories

Meter Information

Number Of Meters Total
10

Income and Expenses

Gross Income
7150
Gross Scheduled Income
7150
Inc/Exp Statement Period
900
Insurance Expense
1920
Net Operating Income
625
Other Expense
950
Real Estate Taxes
13650
Total Expenses
950
Trash Expense
350
Utilities Expense
550

Buyer Details

Intended Use
Investment
Buyer State
Florida
Zip Code
33024

Concessions

Seller Concessions
No
Seller Concessions Amount
0

Section Details

Parcel Number MLX
0330

Originating Details

Originating System Key
217962648
Originating System ID
M00000151

Currently Not Used

Ownership Type
Corporation

Office/Member Information

DXORIGMLSID
SEF

Electric

110 Volts
Yes
220 Volts
Yes
Separate Meters
Yes

Flooring

Parquet
Yes
Tile
Yes

Parking Features

Common
Yes
No Truck/Trailer
Yes

Property Condition

Resale
Yes

Documents Available

Owner Managed
Yes
Photos
Yes
Rent Rolls
Yes
Title/Abstracts
Yes

Tenant Pays

Electricity
Yes
Exterior Electric
Yes
Fire Liability Insurance
Yes
Insurance
Yes

Location of Property

City Location
Yes
In Residential Area
Yes

Possession

Negotiable
Yes

Special Information

Corporate Owned
Yes

Building Features

Exterior Lighting
Yes
Fenced Area
Yes
Storage
Yes

Common Area Maintenance Includes

Exterior Electric
Yes
Fire Liability Insurance
Yes

Heating

Window/Wall
Yes

Sale Includes

Building
Yes
Land
Yes
Leases
Yes

Special Licenses

City License
Yes
Occupational
Yes

Listing Terms

Cash
Yes

Road Frontage Type

City Street
Yes

Roof

Tile
Yes

Security Features

Fire Alarm
Yes
Security Fence
Yes
Smoke Detector(s)
Yes

Water Source

Public
Yes

Cooling

Wall/Window Unit(s)
Yes

Showing Requirements

24 Hour Notice
Yes
Appointment Only
Yes
Call Listing Agent
Yes

Contingencies

None
Yes
Listing Office: MAR NON MLS MEMBER
IDX
Last Updated: June - 11 - 2026
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. Copyright 2026 Beaches Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.

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