555 Washington AveMiami Beach, FL 33139

Property Details for 555 Washington Ave

Year built

2001

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

141,807 SF

Zone code

6503:COMMERCIAL

Property type

Office properties

Property subtype

Office buildings

APN

02-4203-002-0110

APU

242030020110

Description

This Class A, four-story office building, totaling 67,188 square feet, is situated on 0.83 acres in Miami Beach's vibrant South of Fifth neighborhood. Built in 2001 and renovated in 2015, the property boasts striking Arquitectonica architecture, a highly visible location at Washington Avenue and 5th Street, and a dramatic 80-foot open atrium lobby. The building offers multiple tenancy options ranging from 882 to 7,133 square feet, catering to various business needs. With 260 parking spaces and elevators, convenience is ensured. Its prime location offers unparalleled access to the MacArthur Causeway, Ocean Drive, the Atlantic Ocean, and a wealth of nearby amenities including CVS, Wells Fargo, Zara, Joe's Stone Crab, Prime 112, Chase, Verizon, and Equinox. The property is zoned cps-2 and its Miami-Dade County location, within the South Beach submarket, provides exceptional visibility and accessibility. The building's contemporary design complements the historical Art Deco District, making it a truly unique and desirable office space. The property identification number (APN) is 02-4203-002-0110.

• CAP approach

  CAP return

  Valuation

  6%

  $122,433,800

  6.5%

  $113,015,816

  7%

  $104,943,256

• Comparable approach

  Method

  Valuation

  Relative Method

  $54,292,228

  Geo Method

  $54,292,228

• Alternative Use

  Use

  Valuation

  Residential

  $140,139,616

  Hospitality

  $128,367,128

  Educational

  $106,799,944

  Medical

  $110,472,960

  Retail

  $166,133,248

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7751

Longitude

-80.1337

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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