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$14,900,000
Est. payment /mo
30,874 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 30,874 sqft
Price per Sqft $482
MLS Listing ID A11936251
HOA Y/N No
Year Built 1947
Annual Tax Amount $212,265
Lot Size 0.442 Acres
Property Sub-Type Retail
Property Description
Pleased to present 1200 Washington Avenue, a prime two-story mixed-use asset totaling approximately 30,000
square 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, the
property 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.
square 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, the
property 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.
Location
State FL
County Miami-dade
Area 42
Exterior
Private Pool Yes
Others
Tax ID 02-42-03-009-0060
Special Listing Condition Short Sale
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11936251
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Listed by APEX Capital Realty LLC
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