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.

Address

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Address: Washington Ave
City: Miami Beach
State/county: Miami-Dade County
Zip/Postal Code: 33139
Area: ROYAL SOUTH BEACH CONDO

Details

Updated on February 6, 2026 at 9:16 am

Property ID A11830965
Price $3,890,000
Land Area 0.28 Square Feet
Type Commercial
Property Status Commercial Land

Additional details

AdditionalParcelsYN 1
BuildingAreaUnits Square Feet
BuildingName ROYAL SOUTH BEACH CONDO
ContractStatusChangeDate 2025-06-29
CurrentUse Unimproved Business/Commercial, Unimproved Hotel/Motel, Other Usage
DaysOnMarket 222
Directions Located on Washington Avenue.
ExpirationDate 2026-04-30
FrontageLength 110
GrossScheduledIncome 25000
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-306-7965
LotFeatures Beach Area, Corner Lot, Less Than 1 Acre
LotSizeDimensions 110x115
LotSizeSquareFeet 12000
MLSAreaMajor Royal South Beach Condo
MajorChangeTimestamp January 26, 2026 at 03:20am
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp February 6, 2026 at 06:27am
NewTaxesExpense 48730
OnMarketDate 2025-06-29
OriginalEntryTimestamp June 29, 2025 at 07:35am
OriginalListPrice 3900000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 12496
Ownership Corporation
ParcelNumber 02-42-03-270-0430
PhotosChangeTimestamp January 26, 2026 at 03:11am
PhotosCount 15
PossibleUse Central Urban, Other Plan Use, Urban Commercial
PostalCodePlus4 6210
PreviousListPrice 3900000
PriceChangeTimestamp January 26, 2026 at 03:20am
PublicSurveyRange 42
PublicSurveySection 3
PublicSurveyTownship 42
RoadFrontageType Legal Access Road, City/County Maintained, Main Thoroughfare
RoadResponsibility Public Maintained Road
Sewer Public Sanitation
ShowingContactType Agent
ShowingInstructions Call Listing Agent, No Sign, See Broker Remarks
SourceSystemKey 417298141
StateOrProvince FL
StatusChangeTimestamp June 29, 2025 at 07:35am
StreetName Washington Ave
StreetNumber 764
StreetNumberNumeric 764
StructureType Commercial
SyndicationRemarks 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.
TaxAnnualAmount 20650
TaxLegalDescription ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692
TaxYear 2024
Utilities Other Utilities Available, Other
WaterSource Municipal Water
Zoning 6400