- $3,890,000
Overview
Description
Four (4) retail-commercial spaces at ground-level, totaling over 7,800 sq. ft. with a yearly NET Revenue of $216,000, operating as a grocery store and a restaurant/bar. Located along Washington Ave in a corner-parcel steps away from Ocean Drive and Lincoln Road. This offer can be combined with the purchase of the hotel above, also for sale under separate listing that includes 33 out of 42 units fully furnished with no rental restrictions. Acquiring both listings makes you a majority-owner of the entire property inclusive of the retail spaces and the hotel rooms. This is an opportunity for an owner-operator, hotel operator, developer, or as a short-term rental portfolio enhancement. Review listing attachments. Please DO NOT disturb the businesses onsite.
Details
Updated on February 6, 2026 at 1:24 pm-
MLS ID A11830965
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Price $3,890,000
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Land Area 0.28 Square Feet
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Property Type Commercial
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Property Status Commercial Land
Additional details
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MLS Status Active
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Building Name ROYAL SOUTH BEACH CONDO
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Building Area Units Square Feet
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Lot Features Beach Area, Corner Lot, Less Than 1 Acre
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Lot Size Square Feet 12000
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Lot Size Dimensions 110x115
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Frontage Length 110
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Road Frontage Type Legal Access Road, City/County Maintained, Main Thoroughfare
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Sewer Public Sanitation
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Water Source Municipal Water
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Zoning 6400
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Tax Annual Amount 20650
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Tax Year 2024
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Days On Market 222
Address
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Address: Washington Ave
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City: Miami Beach
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State/county: Miami-Dade County
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Zip/Postal Code: 33139
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