764 Washington Ave Unit 4-Folios, Miami Beach, FL 33139
Four leased ground-floor retail suites on a highly visible corner lot in South Beach’s Hotel District.
- Added:
- May 3, 2026
- Days on Market:
- 47
- Last Refresh:
- Jun 15 at 5:19 am
Property Features for 764 Washington Ave Unit 4-Folios
General Information
- Standard status
- Active
- Size
- 8,000 SF
- Property subtype
- Retail
Listing agent Dennys Gonzalez License #3210080 (786) 306-7965
Listing office Best of Luxury Realty Corp. (786) 306-7965
Listing date May 3, 2026
Source Xome
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 Corp.
HighLights
- 4 commercial retail ground‑level spaces (CU‑1‑2‑3‑4) on a highly visible corner lot in South Beach’s Hotel District
- Total area of over 7,800 sq. ft. of income‑producing retail businesses; all spaces are currently leased
- Yearly NET income of $216,000 under currently leased terms
- NNN leases with no added costs to the landlord
- Corner space at Washington & 8th Street currently operated as a grocery store; other spaces combined as a restaurant/bar
- 40‑year recertification passed; 50‑year recertification engineering study completed (see MLS attachments)
Overview
The property is located on a highly visible corner lot along Washington Ave, with the remarks referencing proximity to Ocean Drive and Lincoln Road, and availability of ground-level retail access for the Royal South Beach Condo-Hotel.
For tenants and operators, the configuration supports both grocery and food-and-beverage concepts under existing NNN lease terms. For buyers, the portfolio presents a straightforward, income-producing retail setup with all spaces currently leased and the seller stating the tenants are profitable and willing to remain onsite. Please contact the listing agent to arrange a showing, and do not disturb the businesses on-site.
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 | $220.8k | $27.60 |
| − Vacancy | −$15.5k | −$1.93 |
| EGI | $205.3k | $25.67 |
| − OpEx | −$51.3k | −$6.42 |
| NOI | $154.0k | $19.25 |
Alternative Uses
Current Use by Public Records
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
