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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, 30,000 SF mixed-use property in vibrant South Beach.

Type:Commercial

Property size:

30,000 SF

Price / SF:

$496/SF

HighLights

Prime South Beach location with high visibility.
Significant redevelopment potential due to CD‑2 zoning and density increases.
Stable income from established tenants including Toni’s Sushi and Chase Bank.
Recent capital improvements, including a full roof replacement.
Surrounded by major public and private investment/redevelopment projects.
High walk score (95) and good bike score (77).

We can help!

Listing Contact

Miguel Pinto

Learn more

For Sale

$14,899,999

Two-story, 30,000 SF mixed-use property in vibrant South Beach.

Type:Commercial

Property size:

30,000 SF

Price / SF:

$496/SF

Added:: Apr 24, 2026
Days on Market:: 49
Last Refresh:: Apr 24 at 3:43 pm

Property Features for 1200 Washington Ave

General Information

Standard status: Active
Size: 30,000 SF
Property subtype: Commercial

Building Details

Year Built: 1947

We can help!

Listing Contact

Miguel Pinto

Listing agent Miguel Pinto License #3313310

Listing office APEX Capital Realty LLC

Listing date Apr 24, 2026

Source Elliman

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

Prime South Beach location with high visibility.
Significant redevelopment potential due to CD‑2 zoning and density increases.
Stable income from established tenants including Toni’s Sushi and Chase Bank.
Recent capital improvements, including a full roof replacement.
Surrounded by major public and private investment/redevelopment projects.
High walk score (95) and good bike score (77).

Overview

Located in the heart of South Beach, 1200 Washington Avenue is a two-story mixed-use property with approximately 30,000 square feet. The property has a history of strong occupancy with 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 due to CD-2 zoning and newly approved density increases along the Washington Avenue corridor, making it suitable for mixed-use or residential expansion while retaining retail space. The location is surrounded by public and private investments, including the revitalization of Flamingo Park, new hospitality developments, and large-scale projects such as Five Park and the Raleigh redevelopment. This property is suitable for investors, developers, or end users seeking a high-visibility asset with long-term upside in an active commercial district of Miami Beach. The location has a walk score of 95, indicating it is a walker's paradise, a bike score of 77, indicating it is very bikeable, and a transit score of 59, indicating good transit options.

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.

Location Intelligence

Current Use by Public Records

Mixed-use properties

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, 30,000 SF mixed-use property in vibrant South Beach.

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: Prime South Beach location with high visibility.; Significant redevelopment potential due to CD‑2 zoning and density increases.; Stable income from established tenants including Toni’s Sushi and Chase Bank.