South Beach Retail Investment
764 Washington Ave, Miami Beach, FL 33139
New
Retail, Detached - Miami Beach, FL
Type:Retail
Property size:
7,800 SFLot size:
0.28 AcresPrice / SF:
$506/SF- Added:
- May 19, 2026
- Days on Market:
- 5
- Last Refresh:
- May 23 at 8:06 pm
Property Features for 764 Washington Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Retail
- Zoning
- 6400
- Standard status
- Active
- APN
- 02-42-03-270-0430
- Size
- 7,800 SF
- Lot size
- 0.28 Acres
Taxes and HOA fees
- Tax Annual Amount
- 20650
Building Details
- Number of units
- 4
- Architectural style
- Other
Listing agent Dennys Gonzalez License #3210080 (305) 406-7165
Listing office Best of Luxury Realty Corp. 501 E. Las Olas Blvd. #300, Aventura, FL (305) 406-7165
Listing date May 19, 2026
MLS# A12020955
Listing URL
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
- Prime South Beach location, steps from Ocean Drive and Lincoln Road.
- Income‑producing property with $216,000 yearly NET income.
- Four commercial‑retail ground‑level spaces totaling over 7,800 sq. ft.
- All spaces currently leased to long‑term tenants under Triple‑Net leases.
- Highly visible corner lot along Washington Ave.
- Located on the ground‑level of the Royal South Beach Condo‑Hotel, which passed the 40‑Yr recertification and the 50‑Yr recertification Engineering Study was just completed.
Overview
This property features four commercial-retail ground-level spaces, identified as CU-1-2-3-4, totaling over 7,800 square feet. Located in the heart of South Beach's Hotel District on a highly visible corner lot along Washington Ave, the property is steps from Ocean Drive and Lincoln Road. The spaces are currently leased to income-producing retail businesses, generating a yearly net income of $216,000. The corner space is currently operated as a grocery store, and the other spaces are combined and operating as a restaurant/bar. All spaces are under Triple-Net leases, resulting in minimal landlord costs. The tenants are long-term and willing to continue at this location. The commercial spaces are on the ground level of the Royal South Beach Condo-Hotel, which has passed the 40-year recertification, and the 50-year recertification Engineering Study was recently completed. The property is zoned 6400 and situated on a lot of approximately 0.2755 acres.
Property Profile
Location Intelligence
Current Use by Public Records
Grocery and convenience stores
Similar Places Nearby
- Underground Donut Tour - Miami — 729 5th St, Miami Beach, FL 33139
- Calle 6 Food Market — 630 6th St, Miami Beach, FL 33139
- Target Grocery — 1045 5th St Unit 201, Miami Beach, FL 33139
- Meridian Market and Cafe — 812 6th St, Miami Beach, FL 33139
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.133675
- Latitude
- 25.778166
Nearby Similar for Sale
FAQs
What type of property is this?
Grocery and convenience store - Income-producing retail spaces in the heart of South Beach.
Where is this grocery and convenience store located?
The property is located at 764 Washington Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $3,950,000.
What are key features of this property?
This property features: Prime South Beach location, steps from Ocean Drive and Lincoln Road.; Income‑producing property with $216,000 yearly NET income.; Four commercial‑retail ground‑level spaces totaling over 7,800 sq. ft.
