Marcus & Millichap is pleased to present for sale this 6,261 square foot retail property located at 1417 Washington Avenue in South Beach, Florida. South Beach is a vibrant area in Miami Beach known for its beaches, nightspots and celebrity-chef eateries. Nearby is Lincoln Road Mall, a pedestrian shopping strip which attracts thousands of visitors from around the world each year. Ocean Drive is well known for its well-preserved art deco architecture and outdoor cafes.
The zoning is CD-2, Commercial Medium Intensity District, provides for commercial activities, services, offices and related activities which serve the entire city. This zoning code allows up to 50 feet in height (Link to zoning details on Page 3). The month-to-month tenant covers the current expenses letting a developer or end user go through planning and permitting with minimal out of pocket holding expenses.
South Beach is known for its walkability, yet Washington Avenue still boasts over 20,200 vehicles per day. Within walking distance are Gianni’s, Bagatelle, Byblos, Mac’s Club Deuce as well as many more casual restaurants. Blocks away are Loews Miami Beach, The Ritz-Carlton South Beach, SLS South Beach, The Betsy Hotel, and Clevelander South Beach.
Numerous apartment complexes surround this property including Balmoral Apartments with 423 rented condo units, Lulva Square with 140 rented units, 727 Collins Apartments, Blackstone Apartments, Fernwood Apartments, and many, many more.
The MacArthur Parkway, Venetian Way and Interstate 195 allow easy access to Downtown Miami, Edgewater, Wynwood, and Midtown Miami. The property is less than 13 miles from Miami International Airport.