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32833530
32833531

1222 Normandy DR, Miami Beach, FL 33141 For Sale

Power Source Real Estate, Inc.
Listed by Power Source Real Estate, Inc.
$249,900
59 days on market
Updated 43 days ago

1222 Normandy DR

Details
Property Type Business for Sale, Retail (+1)
Sub Type Business Only, Storefront (+3)
NOI $251,400
Zoning CD-2

Business for Sale

Marketing description

Rare opportunity to acquire a beautifully designed turnkey salon & wellness business located on high-traffic Normandy Dr in the heart of Miami Beach. This fully operational boutique beauty destination generates approximately $50,000/month in gross revenue through multiple income streams including hair services, manicure/pedicure services, laser hair removal, esthetics, and retail product sales. Buy today and start generating income immediately with an established operation already in place. The elegant tropical-inspired interior features approximately 1,350 SF with 6 modern styling stations, 3 luxury shampoo stations, pedicure spa area, manicure stations, 2 private treatment/spa rooms, reception/lounge area, retail display space, storage, designer lighting, greenery accents, and upscale finishes throughout. The unique boutique ambiance creates a true Miami Beach luxury wellness experience. Sale includes furniture, fixtures, equipment, existing buildout, established clientele, branding assets, and Instagram account with approximately 10,000 followers. Excellent storefront exposure with strong walkability, rear employee parking, tandem parking potential, and additional street parking in front. Business operates with all required licenses and permits including salon license, Miami Beach Business Tax Receipt, and applicable operational permits. Approximately 2 years remaining on current lease with options available. Potential opportunity for E-2 Visa qualifying buyer.
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Listing Contacts

Power Source Real Estate, Inc.
Listed by Power Source Real Estate, Inc.

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$251,400.00
$20,950.00/mo

Valuation Metrics

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DSCR
100.6%
Cap Rate
100.6%
ROI

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