A receivership auction has been announced for a prime retail property located in the heart of South Beach, Miami. A stalking horse bid has been accepted, and all qualified bidders are invited to submit offers by the bid deadline of September 30, 2025. The auction will be held on October 1, 2025, with a minimum required overbid of $4,400,000. The property features 9,266 square feet across six retail bays, five of which are currently leased, generating approximately $440,000 in gross annual income. Positioned on a 13,000 square foot lot with 100 feet of frontage along Washington Avenue, the site includes a private parking lot with five spaces and is zoned CD-2 for commercial use. Originally built in 1936 and renovated in 1956, the one-story building is classified as Class B and offers multiple tenancy with approximately 80% occupancy. Located just steps from Ocean Drive and the beach, the property benefits from a Walk Score of 97, indicating a “Walker’s Paradise,” and is surrounded by major retailers including Whole Foods, Crunch Fitness, and Chase Bank. The listing price reflects the minimum required overbid amount and equates to approximately $474.85 per square foot. With a traffic count of 16,747 on Washington Avenue and proximity to SW 12th Street, this investment opportunity offers strong visibility, stable income, and a premier location in one of Miami’s most vibrant commercial corridors.