1331 Washington Ave Miami Beach, FL 33139-4211
This exceptional 2,150 square foot retail space is located at 1331 Washington Avenue in the heart of Miami Beach's vibrant South Beach submarket. Situated in a fully renovated, single-story building (built in 1935, renovated in 2023) this storefront boasts 50 feet of frontage on Washington Avenue, enjoying high visibility and significant foot traffic (an average of 14,200 cars daily). The property features impact glass, two brand new A/C units, and on-site rear parking. Currently configured as dry retail, the space is adaptable to various uses, including restaurants (with potential landlord concessions). The building itself comprises 4,300 square feet, with a total of two suites. This particular unit offers a minimum divisible space of 2,150 square feet, with a maximum contiguous space of 4,300 square feet. The 6,500 square foot lot is zoned CD 2 in Miami-Dade County (APN: 02-3234-008-0970). The property is conveniently located four blocks from the beach, surrounded by thriving restaurants, retail shops, and new developments, including the Goodtime Hotel. Currently, the space includes one restroom. This is a gross lease opportunity.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FLMiami Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.