1200-1210 Washington Ave, Miami Beach - Restaurant FOR SALE


Miami Beach, FL 33139- Flamingo
$14,899,999 USD
305-570-2600
1200-1210 Washington Ave, Miami Beach, Miami Beach, FL for Sale
$14,899,999 USD
Restaurant - FOR SALE
1/13
null | 3.46% Cap Rate

1200-1210 Washington Ave, Miami Beach
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Prime South Beach location on the revitalized Washington Avenue corridor
  • Redevelopment upside supported by CD-2 zoning and recent density increases
  • Strong visibility & traffic with exceptional walkability (97 Walk Score)
  • Immediate parking access via adjacent municipal garage
  • Surrounded by major new investment driving long-term value

OVERVIEW

Apex Capital Realty is pleased to present 1200 Washington Avenue, a prime two-story mixed-use asset totaling approximately 30,000 square feet in the heart of South Beach. The property features a strong historical occupancy profile with notable tenants including Toni’s Sushi, Chase Bank, and executive office users, and benefits from recent capital improvements, highlighted by a full roof replacement. Beyond its stable income profile, the property offers significant redevelopment potential through CD-2 zoning and newly approved density increases along the Washington Avenue corridor, positioning the site for mixed-use or residential expansion while retaining high-performing retail. Surrounded by major public and private investment, including the revitalization of Flamingo Park, new hospitality developments, and large scale projects such as Five Park and the Raleigh redevelopment, the property presents a rare opportunity for investors, developers, or end users seeking a high-visibility asset with meaningful long-term upside in one of Miami Beach’s most active commercial districts.

FOR SALE DETAILS

PRICE

$14,899,999 USD

PRICE/SF

$523 USD /SF

CAP RATE

3.46%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1947

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,166 SF

ZONING

CD-2

APN/PARCEL ID

02-4203-009-0060

ASK ABOUT THIS PROPERTY

Adriano SalucciApex Capital Realty LLCMore Info
305-570-2600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Adriano SalucciApex Capital Realty LLCMore Info
305-570-2600

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.