Commercial Real Estate

CommercialSaleRetailFLMiami Beach4-Folios Included, 764, Washington Ave, Miami Beach, FL, 33139

764 Washington Ave 4-Folios Included

4-Folios Included, 764, Washington Ave, Miami Beach, FL, 33139
    $3,950,000
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    Basics

    • Category:
    • Type:
    • Status:
    • Bathrooms: 0
    • Floors: 1
    • Lot size: 12000, 12000 sq ft
    • County: Miami-Dade
    • MLS ID: A12020955

    Description

    • 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

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    This -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.

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