REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,800,000
Est. payment | /mo
8,000 SqFt
$ 2,800,000
Est. payment | /mo
8,000 SqFt
Key Details
Property Type Commercial
Sub Type Retail
Listing Status Active
Purchase Type For Sale
Square Footage 8,000 sqft
Price per Sqft $350
MLS Listing ID A12020955
Style Detached
HOA Y/N No
Annual Tax Amount $20,650
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 110
Property Sub-Type Retail
Property Description
Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail-businesses in the heart of South Beach's Hotel District. All spaces are currently leased with a yearly NET Income of $216,000. Currently the corner space (Washington & 8th Street) is operated as a grocery store. The other spaces are combined, operating a restaurant/bar. All NNN-leases, which yields no added costs to the landlord. All tenants are profitable and willing to remain onsite. Property is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces on ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.
Location
State FL
County Miami-dade
Area 42
Direction Located on Washington Avenue.
Exterior
Private Pool Yes
Building
Story 1
Sewer Public Sewer
Architectural Style Detached
Level or Stories One
Others
Tax ID 02-42-03-270-0430
Ownership Corporation
Acceptable Financing Cash, Conventional, Owner May Carry, Other
Listing Terms Cash, Conventional, Owner May Carry, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12020955
Listed by Best of Luxury Realty Corp.