1542 Washington Ave Miami Beach, FL 33139
For Sale
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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.
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.