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South Beach Mixed-Use Asset

1200 Washington Ave, Miami Beach, FL 33139

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For Sale

$14,899,999

Two-story mixed-use property with redevelopment potential in active commercial district.

Property size:

30,000 SF

Price / SF:

$496/SF

HighLights

Significant redevelopment potential due to CD‑2 zoning and newly approved density increases.
Prime South Beach location on Washington Avenue.
Strong historical occupancy profile with notable tenants like Toni’s Sushi and Chase Bank.
Recent capital improvements, including a full roof replacement.
High‑visibility asset suitable for investors, developers, or end users.
Surrounded by major public and private investment and revitalization projects.

We can help!

Listing Contact

Miguel Pinto

For Sale

$14,899,999

Two-story mixed-use property with redevelopment potential in active commercial district.

Property size:

30,000 SF

Price / SF:

$496/SF

Added:: Dec 29, 2025
Days on Market:: 164
Last Refresh:: Apr 5 at 8:37 pm

Property Features for 1200 Washington Ave

General Information

Standard status: Active
Size: 30,000 SF

We can help!

Listing Contact

Miguel Pinto

Listing agent Miguel Pinto License #3313310

Listing office APEX Capital Realty LLC

Listing date Dec 29, 2025

Source Exprealty

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

All listing content including descriptions, pricing, images are the copyrighted material of APEX Capital Realty LLC

HighLights

Significant redevelopment potential due to CD‑2 zoning and newly approved density increases.
Prime South Beach location on Washington Avenue.
Strong historical occupancy profile with notable tenants like Toni’s Sushi and Chase Bank.
Recent capital improvements, including a full roof replacement.
High‑visibility asset suitable for investors, developers, or end users.
Surrounded by major public and private investment and revitalization projects.

Overview

Located in the heart of South Beach, 1200 Washington Avenue is a two-story mixed-use asset totaling approximately 30,000 square feet. The property has a history of strong occupancy and features tenants such as Toni’s Sushi, Chase Bank, and executive office users. Recent capital improvements include a full roof replacement. The property offers 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. The property is 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. This location presents an opportunity for investors, developers, or end users seeking a high-visibility asset with long-term upside in one of Miami Beach’s active commercial districts.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$1.37M	$45.60
− Vacancy	−$307.8k	−$10.26
EGI	$1.06M	$35.34
− OpEx	−$265.1k	−$8.84
NOI	$795.2k	$26.51

30,000 SF · lease $45.60/SF/yr · vacancy 22.50% · expense 25.00%

Alternative Uses

Best Use

Office B

$11.36M

$9.94M – $13.25M (±1% cap)

NOI $795,150 @ 7.0% cap · market cap 5.34%

Second Best

Mixed Use

$7.39M

$6.47M – $8.63M (±1% cap)

NOI $517,500 @ 7.0% cap · market cap 3.47%

Theoretical Best

Office A

$15.22M

$13.32M – $17.76M (±1% cap)

NOI $1,065,419 @ 7.0% cap · market cap 7.15%

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

Property Profile Location Intelligence

Current Use by Public Records

Office Units

Suggested Use

Location Insight

Map
Local Demand

City: Miami Beach
County: Miami-Dade
State: Florida
Longitude: -80.132575
Latitude: 25.783908

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For sale
Mixed-use properties
FL
Miami Beach
33139
1200 Washington Ave

What type of property is this?

Mixed-use property - Two-story mixed-use property with redevelopment potential in active commercial district.

Where is this mixed-use property located?

The property is located at 1200 Washington Ave Miami Beach, FL.

What is the asking price?

The asking price for this property is $14,899,999.

What are key features of this property?

This property features: Significant redevelopment potential due to CD‑2 zoning and newly approved density increases.; Prime South Beach location on Washington Avenue.; Strong historical occupancy profile with notable tenants like Toni’s Sushi and Chase Bank.