1201 Washington AveMiami Beach, FL 33139

Property Details for 1201 Washington Ave

Year built

1941

Construction

CONCRETE

Lot size

0.27 AC

Property size (Sq ft)

23,396 SF

Zone code

6400:COMMERCIAL,CENTRAL

Property type

Retail properties

Property subtype

Outlet malls

APN

02-3234-008-1090

APU

232340081090

Description

This exceptional 2,000-square-foot commercial space is ideally situated at 1201 Washington Avenue in the vibrant heart of Miami Beach, Florida, within Miami-Dade County. Currently vacant and ready for immediate occupancy, this single-tenant property presents a unique opportunity for a discerning business owner seeking a high-visibility location. The property is classified as both retail and restaurant-suitable, offering versatility for a wide range of potential uses. Its prime location on Washington Avenue ensures high foot traffic and excellent exposure to both locals and tourists. The building's total square footage is 2,000 square feet, all of which is available for lease. The property is located in the 33139 zip code, offering easy access to major transportation routes and a wealth of amenities. This is an exceptional chance to establish or expand a business in one of Miami Beach's most desirable areas. The property's single-tenant occupancy ensures exclusive use and control of the space. Serious inquiries are encouraged to explore this outstanding leasing opportunity. The property is zoned for commercial use and is ready for immediate tenant improvements. This location offers unparalleled potential for growth and success. Contact us today to schedule a viewing and discuss your business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $29,693,582

  6.5%

  $27,409,460

  7%

  $25,451,642

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,572,630

  Geo Method

  $22,572,630

• Alternative Use

  Use

  Valuation

  Residential

  $23,120,906

  Hospitality

  $21,178,626

  Educational

  $17,620,368

  Medical

  $18,226,360

  Retail

  $27,409,460

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7831

Longitude

-80.132

CBSA code

33100

CBSA name

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

Property Tax & Assessments

FAQs

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