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$1,950,000

  • For Sale
  • Active
  • Retail
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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. Currently leased with a yearly NET Income of $216,000. The corner space (Washington & 8th Street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All NNN-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces are located on the ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.

Full Property Details for 764 Washington Ave #CU-1-2-3-4

General

  • Price: $1,950,000
  • Taxes: $20,650
  • Status: Active
  • Type: Retail
  • Source: Greater_Miami
  • MLS ID: A12020955
  • Updated: 7/5/2026
  • Added to Site: 96 day(s) ago

Business

  • Business Type: Retail Space

Parking

  • Parking Features: Loading Spaces, No Guest Parking, On Street

Location

  • County: Miami-Dade County
  • Building Name: Royal South Beach Condo-Hotel
  • Driving Directions: Located on Washington Avenue.
  • Dist. to Freeway: 1

Community

  • Units Assoc/Comm: 4

Utilities

  • Sewer: Public Sanitation

Structural Information

  • # Buildings: 1
  • Structure Type: Commercial Condo, Commercial, Free Standing, Hotel/Motel, Restaurant, Retail
  • Detached/Attached: Detached
  • Construction: Concrete Block Construction, Brick, CBS Construction
  • Stories/Levels: 1
  • Building Size: 8000
  • Current Bldg. Use: Retail

Unit Information

  • Units in Complex: 4

Lot Features

  • Lot Size (Acres): 0.28
  • Lot Size (Sq. Ft.): 12,000
  • Frontage Feet: 110
  • Lot Features: Central Business District, Corner Lot
  • Zoning: 6400

Financial Considerations

  • Assoc Fee Freq.: Monthly
  • Tax Amount: $20,650
  • Terms: All Cash, Conventional/Refinance, Owner Will Carry

Disclosures and Reports

  • Ownership: Corporation
  • Special Conditions: Sale
  • Legal Description: ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692
  • Inclusions: Building & Land, Leases, Leases
  • Property ID: 02-42-03-270-0430

Listed by Best of Luxury Realty Corp.

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— 764 Washington Ave #CU-1-2-3-4 —

  • Best of Luxury Realty Corp.

Get Pre-Approved Today

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with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 764 Washington Ave #CU-1-2-3-4

School District:Dade County School District
NameGradesDistance
South Pointe Elementary School
1050 4th Street, Miami Beach, FL 33139
PK-50.5 mi
Nautilus Middle School
4301 N Michigan Ave, Miami Beach, FL 33140
6-82.5 mi
Miami Beach Senior High School
2231 Prairie Avenue, Miami Beach, FL 33139
9-121.4 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 764 Washington Ave #CU-1-2-3-4 Get Price Alerts and Save Property

Date
Details
Price
Change
Source
7/05/2026
Price Reduced
$1,950,000
-30.36%
MLS
5/29/2026
Price Reduced
$2,800,000
-29.11%
MLS
5/19/2026
Price Increased
$3,950,000
33.9%
MLS
5/18/2026
Listed
$2,950,000
—
MLS
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 764 Washington Ave #CU-1-2-3-4

Year
Property Taxes
Change
Tax Assessment
Change
2025
$20,615
—
$1,098,890
—
2024
$20,650
4%
$1,098,890
—
2023
$19,947
16%
$1,098,890
16%
2021
$17,145
-7%
$949,850
-9%
2022
$18,339
19%
$1,046,562
49%
2019
$15,409
9%
$704,716
10%
2018
$14,129
3%
$640,651
-33%
2017
$13,661
2%
$949,850
79%
2016
$13,363
8%
$529,464
10%
2015
$12,393
11%
$481,331
10%
2014
$11,185
26%
$437,574
10%
2013
$8,912
—
$397,795
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by Best of Luxury Realty Corp.

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764 Washington Ave #CU-1-2-3-4, Miami Beach, FL 33139 (MLS# A12020955) is a Retail property. 764 Washington Ave #CU-1-2-3-4 is currently listed for $1,950,000 and was received on May 18, 2026. Want to learn more about 764 Washington Ave #CU-1-2-3-4? Do you have questions about finding other Retail real estate for sale in Miami Beach? You can browse all Miami Beach real estate or contact a Coldwell Banker agent to request more information.

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