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Property profile & analytics
FOR SALE
Turn key restaurants

1542 Washington Ave Miami Beach, FL 33139

5,984 SF 0.15 ac lot Built 1940
Entity Owned Free & Clear
Property ID
US18-4271175
Property summary
AI-generated overview

This exceptional 5,870 square foot, vacant retail space in Miami Beach, Florida presents a unique investment opportunity. Located at 1542 Washington Avenue, in Miami-Dade County (zip code 33139), this two-story property is ideally suited for a high-end restaurant or private club. The space boasts a fully equipped, brand new kitchen and a stunning build-out, ready for immediate occupancy. High-end finishes include granite sculpture, water walls, pools, reclaimed barn wood, granite floors, crystal granite backlit bar tops, and custom Italian designer lighting throughout. A custom LED lighting system and high-end audiovisual equipment are also in place. The property includes an approximately 2,000 square foot exterior courtyard, and has been approved for 262 seats, encompassing both indoor and outdoor areas. Its prime location places it steps away from world-class dining and shopping, ensuring high foot traffic and visibility. The asking price is $4,690,000, with a price per square foot of $798.98. This is a truly turn-key operation, perfect for an immediate launch.

Property profile
Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1940
Construction WOOD
Total area 5,984 SF
Lot 0.15 ac (6,520 SF)
Zoning code 6400:COMMERCIAL,CENTRAL
APN 02-3234-006-0120
UPID US18-4271175
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
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.21M
Blend (final) Blend
$4.04M
Owner & transaction history
Latinos Salud INC
Latinos Salud INC
since 2025
Last sale
$4.0M
3 recorded transactions
2025
$4.0M
2014
$5.3M
2010
Price N/A
Zoning & alternative use
6400:COMMERCIAL,CENTRAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general) $5.0M +11.8%
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