Pleased to present 1200 Washington Avenue, a prime two-story mixed-use asset totaling approximately 30,000square feet in the heart of South Beach. The property features a strong historical occupancy profile with notable tenants including Toni's Sushi, Chase Bank, and executive office users, and benefits from recent capital improvements, highlighted by a full roof replacement. Beyond its stable income profile, the property offers significant redevelopment potential through CD-2 zoning and newly approved density increases along the Washington Avenue corridor, positioning the site for mixed-use or residential expansion while retaining high-performing retail.Surrounded by major public and private investment, including the revitalization of Flamingo Park, new hospitality developments, and large scale projects such as Five Park and the Raleigh redevelopment, theproperty presents a rare opportunity for investors, developers, or end users seeking a high-visibility asset with meaningful long-term upside in one of Miami Beach's most active commercial districts.
| MLS # | A11936251 |
|---|---|
| Listing Type | For Sale |
| Style | Retail |
| Sub-Type | Resale |
| Status | Pending |
| Year | 1947 |
| Days On Site | 295 |
| Listing Provided By | APEX Capital Realty LLC | Miguel Angel Pinto |
| SQ Feet | 30,874 |
|---|---|
| Story(s) | 2 |
| Building(s) | 1 |
| Zoning | CD-2 |
| Acreage | 0.44 |
| Parking Features | Other |
|---|
| Tax Annual Amount | 212265 |
|---|
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Listing VS Median (in 33139) | |
Price: $14,899,999 low | high Med: $174,750 sqft: 30,874 low | high Med: 491 $ / sqft: $483 low | high Med: $358 On site: 295 low | high Med: 66.5 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami Beach |
| Zip Code | 33139 |
| Area | 2320 |
| Listing VS Median (in 33139) | |
Price: $14,899,999 low | high Med: $174,750 sqft: 30,874 low | high Med: 491 $ / sqft: $483 low | high Med: $358 On site: 295 low | high Med: 66.5 | |