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    1200 Washington Ave Miami Beach, FL 33139

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    For Sale
    $14,900,000

    Two-story commercial building in the heart of South Beach.

    Property size:
    28,490 SF
    Lot size:
    0.44 Acres

    Property Features for 1200 Washington Ave

    General Information

    Size
    28,490 SF
    Lot size
    0.44 Acres

    Source: Marcus & Millichap | Fort Lauderdale Agent Douglas K. Mandel

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    South Beach Two-Story Commercial Building

    This two-story commercial building is located in South Beach and comprises approximately 30,000 square feet. The building has historically strong occupancy, featuring restaurants, a Chase ATM, and small offices on the second floor. These offices are favored by local businesses. The roof has recently been replaced.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Sunglass Hut, BLVD at Lenox, Sunglass Hut, Parquet 5street shops, Shopping District

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.132575
    Latitude
    25.783908

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    FAQs

    What type of property is this?
    Shopping center - Two-story commercial building in the heart of South Beach.
    Where is this shopping center located?
    The property is located at 1200 Washington Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $14,900,000.
    What are key features of this property?
    This property features: - Prime location in the heart of South Beach.; - High-visibility commercial building.; - Approximately 30,000 square feet of space.
    (954) 245-3465
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    1200 Washington Ave Miami Beach, FL 33139
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    Miami Beach, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1200 Washington Ave Miami Beach, FL 33139
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