861 Washington Avenue is a fully leased mixed-use investment property in Miami Beach. The 14,188 SF Art Deco building includes a 28-room hostel and four NNN retail tenants (Pizza Rustica, SOBE Tattoo, Aladdin’s Smoke Shop, and Wireless Miami). 100% occupancy, generating $582,833 NOI (2024). Located two blocks from Ocean Drive and the beach, with significant redevelopment potential under proposed CD-2 upzoning.