1200 Washington Ave, Miami Beach, FL 33139

$14,899,999

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List Price
$14,899,999
Price Change
▼ $1 1769217026
MLS#
A11936251
Status
PENDING
Type
Commercial
Short Sale
Yes

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.

Additional Information

Days on Market
84
Tax Amount
$212,265
Parcel Number
02-42-03-009-0060
Lot Size
19,250
Address
1200 Washington Ave, Miami Beach
Year Built
1947
Section
3

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Listing Courtesy of APEX Capital Realty LLC, Contact: