764 Washington Ave #4-Folios Included, Miami Beach, FL 33139
764 Washington Ave #4-Folios Included, Miami Beach, FL 33139
764 Washington Ave #4-Folios Included, Miami Beach, FL 33139
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Monica Cataluña, CCIM

Monica Cataluña, CCIM

+1(954) 812-1831
$3,950,000
Est. payment /mo
8,000 SqFt
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UPDATED:

Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 8,000 sqft

Price per Sqft $493

MLS Listing ID A12020955

Style Detached

HOA Y/N No

Annual Tax Amount $20,650

Lot Size 0.280 Acres

Acres 0.28

Lot Dimensions 110

Property Sub-Type Retail

Property Description

Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail businesses in the heart of South Beach's Hotel District. All spaces are currently leased with a yearly NET Income of $216,000. Currently the corner space is operated as a grocery store, and the other spaces are combined operating a restaurant/bar under Triple-Net leases (landlord's cost is minimal). All long-term tenants willing to continue at this location. This property is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. These commercial spaces are on the ground-level for the Royal South Beach Condo-Hotel, which passed the 40-Yr recertification and the 50-Yr recertification Engineering Study was just completed. See MLS attachments. Please contact the listing agent to schedule a showing and DO NOT disturb the onsite operating businesses.

Location

State FL

County Miami-dade

Area 42

Direction Located on Washington Avenue.

Exterior

Private Pool Yes

Building

Story 1

Sewer Public Sewer

Architectural Style Detached

Level or Stories One

Others

Tax ID 02-42-03-270-0430

Ownership Corporation

Acceptable Financing Cash, Conventional, Owner May Carry, Other

Listing Terms Cash, Conventional, Owner May Carry, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12020955

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Best of Luxury Realty Corp.

Nearby Locations

Monica Cataluña, CCIM

"We recognize that real estate ventures involve more than just transactions; they’re intricate puzzles that demand strategic thinking and a keen understanding of the numbers. With years of experience in the industry, we bring a wealth of knowledge and expertise to the table, ensuring that every client receives tailored solutions to meet their unique needs."

+1(954) 812-1831

monica@koresrealty.com

2665 Executive Park Drive, Suite 1 Weston, FL, 33331

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764 Washington Ave #4-Folios Included