1407 Washington Ave 1401 Miami Beach, FL 33139
For Sale
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This exceptional smoke shop business opportunity is located in the heart of Miami Beach at 1407 Washington Avenue, a prime corner location in Miami-Dade County, Florida (zip code 33139). Built in 1935, the building enjoys high visibility and foot traffic due to its strategic placement. A tourist agency is situated next door, and the renowned Le Sandwicheries is located directly behind, ensuring a constant flow of potential customers. The asking price for this turnkey operation is $650,000. The sale includes the established business, existing lease, and complete inventory. This presents a rare chance to acquire a well-established retail business in a highly desirable and lucrative South Beach location. The property's address is verified as 1407 Washington Ave, Miami Beach, FL. The business is categorized as retail, specifically a smoke shop. This is a unique opportunity for an investor seeking a profitable and established business in a vibrant tourist destination. The business is ready for immediate operation, offering a seamless transition for the new owner. The sale includes all necessary inventory for continued operation. This is a business-only sale, not including the building itself.
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.