764 Washington Ave, Miami Beach, FL 33139
SINGLE_FAMILY - Other - Miami Beach, FL
- Added:
- Jul 5, 2026
- Days on Market:
- 3
- Last Refresh:
- Jul 7 at 10:06 pm
Property Features for 764 Washington Ave
General Information
- Property type
- Residential
- Property subtype
- Retail
- Parking features
- On Street
- Standard status
- Active
- APN
- 02-42-03-270-0430
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Description
- ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692
- Tax Annual Amount
- 20650
Utilities
- Sewer type
- Public Sewer
Building Details
- Floors in Building
- 1
- Number of units
- 4
- Building materials
- Brick, Block
- Architectural style
- Other
Listing agent Dennys Gonzalez License #3210080 (786) 306-7965
Listing office Best of Luxury Realty Corp. 501 E Las Olas Blvd. #300, Aventura, FL (305) 407-1657
Listing date Jul 5, 2026
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- Offering 4 commercial‑retail ground‑level spaces (CU‑1‑2‑3‑4) totaling over 7,800 SF
- Currently leased with yearly NET income of $216,000 under NNN leases with low cost to the landlord
- Corner space at Washington & 8th Street operated as a grocery store
- Remaining spaces are combined and operate as a restaurant/bar
- Highly visible corner‑lot along Washington Ave, steps to Ocean Drive and Lincoln Road
- Building is located on the ground level for the Royal South Beach Condo‑Hotel; 40‑year recertification completed and 50‑year recertification engineering study completed
Overview
The property is positioned as a highly visible corner-lot on Washington Ave, with access at street level. The building is located in the heart of South Beach’s Hotel District, and the public remarks note proximity steps to Ocean Drive and Lincoln Road.
For tenants and buyers seeking a ready-to-operate retail setup, the ground-floor configuration supports neighborhood-serving uses, including grocery and food-and-drink concepts. The offering also references completed building milestone work, including a passed 40-year recertification and a completed 50-year recertification engineering study. Showings require coordination with the listing agent, and onsite businesses should not be disturbed.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $215.3k | $27.60 |
| − Vacancy | −$15.1k | −$1.93 |
| EGI | $200.2k | $25.67 |
| − OpEx | −$50.1k | −$6.42 |
| NOI | $150.2k | $19.25 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- 5th Street Flowers | Flower Delivery Miami Beach FL — 1045 5th St, Miami Beach, FL 33139
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.133675
- Latitude
- 25.778166
