764 Washington Ave 4-Folios Included
4-Folios Included, 764, Washington Ave, Miami Beach, FL, 33139Basics
- Category: CommercialSale
- Type: Retail
- Status: Active
- Bathrooms: 0
- Floors: 1
- Lot size: 12000, 12000 sq ft
- County: Miami-Dade
- MLS ID: A12020955
Description
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Description:
ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692 Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail businesses in the heart of South Beach's Hotel District. All spaces are currently leased with a yearly NET Income of $216,000. Currently the corner space is operated as a grocery store, and the other spaces are combined operating a restaurant/bar under Triple-Net leases (landlord's cost is minimal). All long-term tenants willing to continue at this location. This property is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. These commercial spaces are on the ground-level for the Royal South Beach Condo-Hotel, which passed the 40-Yr recertification and the 50-Yr recertification Engineering Study was just completed. See MLS attachments. Please contact the listing agent to schedule a showing and DO NOT disturb the onsite operating businesses.
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Location
- Directions: Located on Washington Avenue.
- Lot Size Acres: 0.28 acres
Building Details
- Building Name: Royal South Beach Condo-Hotel
- Structure Type: Retail
- Architectural Style: Detached
- Sewer: PublicSewer
- Covered Spaces: 0
- Levels: One
- Number Of Buildings: 1
Expenses, Fees & Taxes
- Tax Annual Amount: $20,650
Miscellaneous
- Association Fee Frequency: Monthly
- List Office Name: Best of Luxury Realty Corp.
- Listing Terms: Cash,Conventional,OwnerMayCarry,Other
Ask our real estate expert about this property
This Retail-type commercial real estate is located in 4-Folios Included, 764, Washington Ave, Miami Beach, FL, 33139 was built in , and is listed at $3,950,000.