NNN Retail Property with Four
For Sale
$1,950,000
764 Washington Ave #CU-1-2-3-4, Miami Beach, FL 33139
Four leased ground-level commercial spaces operate within the Royal South Beach Condo-Hotel under NNN lease terms.
Property SizeContact for details
Days on Market107
Property Features for 764 Washington Ave #CU-1-2-3-4
General Information
Standard status
Active
Property subtype
Commercial
Net Operating Income
$216,000
Additional Details
Floor
Ground
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$20,650
Amenities
On Street
Building Details
Tenancy
Multi
Listing Agency:
BEST OF LUXURY REALTY CORP.
(305) 406-7165
Listed By:
DENNYS GONZALEZ · License #A12020955
Source:
Corcoran
Added: May 18
Changed: Aug 31
Last Checked: Aug 31 at 8:04PM
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.
Investment Insights
Based on property information with market context.
This NNN retail property comprises four ground-level commercial spaces identified as CU-1, CU-2, CU-3, and CU-4, with more than 7,800 square feet in total. The Washington Avenue corner space operates as a grocery store, while the remaining spaces function together as a restaurant and bar. All spaces are leased under NNN agreements, and the existing tenants are willing to remain in place.
The property occupies a highly visible corner lot on Washington Avenue in South Beach’s Hotel District, near Ocean Drive and Lincoln Road. It is situated within the Royal South Beach Condo-Hotel. The building has completed its 40-Yr recertification, and a 50-Yr recertification engineering study has been completed.
The property occupies a highly visible corner lot on Washington Avenue in South Beach’s Hotel District, near Ocean Drive and Lincoln Road. It is situated within the Royal South Beach Condo-Hotel. The building has completed its 40-Yr recertification, and a 50-Yr recertification engineering study has been completed.
Key Highlights
- Four ground‑level spaces: CU‑1, CU‑2, CU‑3, and CU‑4
- More than 7,800 sq. ft. of combined retail‑business space
- Washington Avenue corner space operates as a grocery store
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
5,318
Businesses Nearby
Explore this area
Business Placement
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
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Four leased ground-level commercial spaces operate within the Royal South Beach Condo-Hotel under NNN lease terms.
Where is this nnn property located?
The property is located at 764 Washington Ave #CU-1-2-3-4 Miami Beach, FL.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: Four ground‑level spaces: CU‑1, CU‑2, CU‑3, and CU‑4; More than 7,800 sq. ft. of combined retail‑business space; Washington Avenue corner space operates as a grocery store
