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Property profile & analytics
FOR SALE
Outlet malls

1407 Washington Ave 1401 Miami Beach, FL 33139

12,424 SF 0.3 ac lot Built 1935
Entity Owned 2-yr Hold Free & Clear
Property ID
US18-3634915
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Outlet malls
Use group WHOLESALE OUTLET, DISCOUNT STORE
Year built 1935
Construction CONCRETE
Total area 12,424 SF
Lot 0.3 ac (13,000 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3234-008-0810
UPID US18-3634915
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$5.30M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.85M
Owner & transaction history
215 Building Corp · 2 yrs held
215 Building Corp
since 2023
Last sale
$6.4M
2 recorded transactions
2023
$6.4M
2018
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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