764 Washington Ave #CU-1-2-3-4, Miami Beach, FL 33139 - Photo 1

1/1

$1,950,000

Sold
Closed
Retail

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Property Description

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

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

General

Sold For: $1,950,000
Taxes: $20,650
Status: Closed
Type: Retail
Source: Greater_Miami
MLS ID: A12020955
Added to Site: 143 day(s) ago

Business

Business Type: Retail Space

Interior

Furnishings: Unfurnished

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
Potential Use: Investment
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 and Sold by Best of Luxury Realty Corp.

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— 764 Washington Ave #CU-1-2-3-4 —

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Schools

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

School District:Dade County School District

Name	Grades	Distance
South Pointe Elementary School 1050 4th Street, Miami Beach, FL 33139	PK-5	0.5 mi
Nautilus Middle School 4301 N Michigan Ave, Miami Beach, FL 33140	6-8	2.5 mi
Miami Beach Senior High School 2231 Prairie Avenue, Miami Beach, FL 33139	9-12	1.4 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

Date

Details

Price

Change

Source

9/16/2026

Sold

$1,950,000

—

MLS

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

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Sold by David Veit

764 Washington Ave #CU-1-2-3-4, Miami Beach, FL 33139 (MLS# A12020955) is a Retail property that was sold at $1,950,000 on September 16, 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.

764 Washington Ave #CU-1-2-3-4 Miami Beach, FL 33139