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| Code: | 1071D18 |  |
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| City: | Miami Beach | |||
| Retail Type: | ||||
| Price: | $ 3,900,000 | |||
| Cap. Rate: | ||||
| Tenancy: | ||||
| Retail Sq.Ft.: | 0 | |||
| Lot. Area Sq. Ft.: | 6500 | |||
| Parking: | 2 Assigned Parking, Street Parking | |||
| Year: | 1925 | |||
| SOUTH BEACH - 6,261 SF retail building in a major South Beach commercial corridor with exciting restaurants and nightclubs. The 2-story property offers 5,050 SF ground floor retail space with three tenants, and 1,211 SF upstairs used for storage. Leases have landlord termination clauses giving a new owner flexibility and upside potential. CD 2 commercial zoning allows for retail, restaurant, apartments, hotel and other commercial uses. In 2015, Miami Beach commissioners approved an ordinance designed to bring hotels, fine dining and new retail to Washington Avenue, and new mixed-use hotel projects are planned for the street. Great opportunity for owner/user or investor on high-traffic Washington Avenue. The building is recertified until October 2025. | ||||
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