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Food-Anchored Multi-Tenant Strip Mall
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1500 Washington Ave, Miami Beach, FL 33139

Corner retail property with restaurant occupancy, multiple bays, and a recently installed roof.

Property Size7,116 SF
Lot Size0.19 Acres
Days on Market142

Property Features for 1500 Washington Ave

General Information

Standard status Active
Size 7,116 SF
Lot size 0.19 Acres
Property subtype Retail

Site & Location

Corner Location Yes
Anchor Co-Tenants Five Guys Burgers

Building Details

Tenancy Multi
Listing Agency: Marcus & Millichap - Miami
Listed By: Kirk D. Olson · License #FL 3113669
Source: Crexi
Added: Apr 12 Changed: Aug 31 Last Checked: Aug 31 at 3:53AM

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 Marcus & Millichap - Miami

Investment Insights

Based on property information with market context.

This 7,116-square-foot multi-tenant strip center occupies an 8,100-square-foot site at 1500 Washington Ave in Miami Beach. The property includes a corporate-guaranteed Five Guys location, four additional small bays, and a recently installed roof. Three of the additional bays are occupied by local food concepts.

The center is positioned at the corner of 15th Street and Washington Avenue, with frontage and visibility at a signalized intersection. The site also includes 5,000 square feet of undeveloped area that can be added to the property. Five Guys is identified as a national tenant with more than 1,500 locations.

Key Highlights

  • 7,116‑square‑foot multi‑tenant strip center on an 8,100‑square‑foot site
  • Corporate‑guaranteed Five Guys tenant with more than 1,500 locations
  • Four additional small bays; three are occupied by local food concepts

Property Analytics

Current Use

Strip malls

Suggested Use

Top Pick Butcher Pet Grooming Service Nursing Home Plumbing Service (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Multi-tenant
Tenancy

Location Intelligence

Trade Area within ½ mile

8,095
Businesses Nearby

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 Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

What type of property is this?
Strip mall - Corner retail property with restaurant occupancy, multiple bays, and a recently installed roof.
Where is this strip mall located?
The property is located at 1500 Washington Ave Miami Beach, FL.
What are key features of this property?
This property features: 7,116‑square‑foot multi‑tenant strip center on an 8,100‑square‑foot site; Corporate‑guaranteed Five Guys tenant with more than 1,500 locations; Four additional small bays; three are occupied by local food concepts
(786) 522-7000 Call to check price and availability
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