South Beach Retail Investment
764 Washington Ave 4-Folios Included, Miami Beach, FL 33139
Income-producing retail spaces in South Beach's Hotel District.
Type:Commercial
Property size:
7,800 SFPrice / SF:
$506/SF- Added:
- May 19, 2026
- Days on Market:
- 14
- Last Refresh:
- May 19 at 9:54 am
Property Features for 764 Washington Ave 4-Folios Included
General Information
- Standard status
- Active
- Size
- 7,800 SF
- Property subtype
- Commercial
Listing agent Dennys Gonzalez License #3210080 (786) 306-7965
Listing office Best of Luxury Realty (786) 306-7965
Listing date May 19, 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 Best of Luxury Realty
HighLights
- Prime South Beach location, steps from Ocean Drive and Lincoln Road
- Income‑producing property with $216,000 yearly NET income
- Four ground‑level commercial‑retail spaces totaling over 7,800 sq. ft.
- All spaces are currently leased to long‑term tenants under Triple‑Net leases
- High visibility corner‑lot location 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
Four commercial-retail ground-level spaces, identified as CU-1-2-3-4, offer a combined area of over 7,800 square feet. Located in the heart of South Beach's Hotel District, these spaces are currently leased and generate a yearly net income of $216,000. The corner space is occupied by a grocery store, while the remaining spaces are combined and operated as a restaurant and bar. All tenants have long-term leases under Triple-Net terms, which minimizes landlord costs, and are willing to continue their tenancies at this location. The property benefits from a highly visible corner-lot location on Washington Avenue, situated steps from Ocean Drive and Lincoln Road. These commercial spaces are located on the ground level of the Royal South Beach Condo-Hotel, which has passed its 40-year recertification, and the 50-year recertification Engineering Study has been completed. The location has a bike score of 87, indicating it is very bikeable, a walk score of 97, designating it as a walker's paradise, and a transit score of 50, indicating good transit options.
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
- Mr. Grocery — 910 West Ave #432, 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 South Beach's Hotel District.
Where is this grocery and convenience store located?
The property is located at 764 Washington Ave 4-Folios Included 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 ground‑level commercial‑retail spaces totaling over 7,800 sq. ft.
