1417-1419 Washington Ave - Storefront Retail/Residential FOR SALE


Miami Beach, FL 33139- Flamingo
$3,390,000 USD
786-522-7013
1417-1419 Washington Ave, Miami Beach, FL for Sale
$3,390,000 USD
Storefront Retail/Residential - FOR SALE
1/11
null | Request Cap Rate

1417-1419 Washington Ave
Miami Beach, FL 33139
Flamingo


HIGHLIGHTS

  • Mixed Use Retail Property Located at 1417 Washington Avenue South Beach, Florida
  • Population within 3 Miles Exceeds 58,000 People with Average Household Income Over $119,000 Per Year
  • Located Nearby Lincoln Road Mall Attracting Thousands of Visitors from Around the World Each Year
  • Nearby Ocean Drive Well Known For Well-Preserved Art-Deco Architecture and Outdoor Cafes
  • Mount Sinai Hospital with 589 Beds Serving the Miami-Beach and South Beach Community is Located Nearby this Property

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,390,000 USD

PRICE/SF

$541 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1417 Washington Avenue

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1925

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.15 AC

LAND SF

6,499 SF

ZONING

CD-2

APN/PARCEL ID

02-3234-008-0840

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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