Renovated Mixed-Use
For Sale
Contact for pricing
1435 Washington Avenue, Miami Beach, FL 33139
Licensed guest accommodations occupy the upper level above an operating Washington Avenue retail space in South Beach.
Property Size9,800 SF
Lot Size0.17 Acres
Price / SF$816.33
Days on Market120
Property Features for 1435 Washington Avenue
General Information
Standard status
Active
Size
9,800 SF
Lot size
0.17 Acres
Property subtype
Multifamily, Hospitality, Mixed Use
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$434,883
Site & Location
Highway Access
Yes
Road Access
Yes
Units
Unit Mix
8 x 1BR/1BA
Multifamily Units
8
Building Details
Year Built
1928
Year Renovated
2025
Buildings
1
Stories
2
Units
9
Tenancy
Multi
Construction
concrete block
Listing Agency:
Horvath & Tremblay
Listed By:
David Cohen · License #SL3282943
Source:
Crexi
Added: May 4
Changed: Aug 30
Last Checked: Aug 30 at 9:02AM
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 Horvath & Tremblay
Investment Insights
Based on property information with market context.
This mixed-use property combines an operating ground-floor retail unit with eight licensed short-term rental accommodations above. The second floor contains eight one-bedroom, one-bath units totaling 3,191 square feet of living area. Originally built in 1928, the concrete-block property underwent renovation in 2025 and includes street parking. The retail space is leased to Art Deco Market, with more than eight years remaining on the lease and scheduled 2% annual rent increases.
The property occupies a 0.17-acre site at 1435 Washington Avenue in Miami Beach’s South Beach neighborhood. Ocean Drive, Collins Avenue, the Atlantic Ocean, Lummus Park, Lincoln Road, and Española Way are all identified as nearby destinations. Regional connections include Alton Road (SR 907), MacArthur Causeway, Julia Tuttle Causeway, and Interstate 95.
The property occupies a 0.17-acre site at 1435 Washington Avenue in Miami Beach’s South Beach neighborhood. Ocean Drive, Collins Avenue, the Atlantic Ocean, Lummus Park, Lincoln Road, and Española Way are all identified as nearby destinations. Regional connections include Alton Road (SR 907), MacArthur Causeway, Julia Tuttle Causeway, and Interstate 95.
Key Highlights
- Eight licensed short‑term rental units, each with 1 bedroom and 1 bathroom
- 3,191 square feet of second‑floor living area
- Ground‑floor retail lease with more than 8 years remaining and 2% annual increases
Property Analytics
Property Profile
Current Use
Lease Details
8
Residential units
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
8,095
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Licensed guest accommodations occupy the upper level above an operating Washington Avenue retail space in South Beach.
Where is this mixed-use property located?
The property is located at 1435 Washington Avenue Miami Beach, FL.
What is the asking price?
The asking price for this property is $8,000,000.
What are key features of this property?
This property features: Eight licensed short‑term rental units, each with 1 bedroom and 1 bathroom; 3,191 square feet of second‑floor living area; Ground‑floor retail lease with more than 8 years remaining and 2% annual increases
