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1200-1210 Washington Ave, Miami Beach 28,491 SF 85% Leased Retail Building Miami Beach, FL 33139 $14,900,000 ($522.97/SF) 3.46% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime South Beach location on the revitalized Washington Avenue corridor
- Strong visibility & traffic with exceptional walkability (97 Walk Score)
- Surrounded by major new investment driving long-term value
- Redevelopment upside supported by CD-2 zoning and recent density increases
- Immediate parking access via adjacent municipal garage
EXECUTIVE SUMMARY
improvements, highlighted by a full roof replacement. Beyond its stable income profile, the property offers significant redevelopment potential through CD-2 zoning and newly approved density increases along the Washington Avenue corridor, positioning the site for mixed-use or residential expansion while retaining high-performing retail.
Surrounded by major public and private investment, including the revitalization of Flamingo Park, new hospitality developments, and large scale projects such as Five Park and the Raleigh redevelopment, the property presents a rare opportunity for investors, developers, or end users seeking a high-visibility asset with meaningful long-term upside in
one of Miami Beach’s most active commercial districts.
PROPERTY FACTS
AMENITIES
- Bus Line
- Signage
- Signalized Intersection
SPACE AVAILABILITY
- SPACE
- SIZE
- SPACE USE
- POSITION
- AVAILABLE
Second-generation Restaurant space for lease in the heart of South Beach, located on Washington Avenue & 12th Street. This turnkey location is situated in a high-traffic area and comes fully equipped with a professional kitchen, bar, restrooms, and a dining area, making it an ideal opportunity for established franchises or unique dining concepts. There is no key money required, and the security deposit is refundable, $50,000. Our asking rent is all-inclusive of operating expenses with no hidden fees, and annual increases are structured according to standard market averages rather than aggressive rates. The landlord and property management are highly accommodating and specifically seeking experienced operators. To support your business, additional parking is available at the rear of the property during residential hours. We are also prepared to explore options with the City of Miami Beach regarding outdoor seating and valet parking services. The previous tenant of "Nathans" is open to discussing a potential partnership with a new operator if there is mutual interest in collaborating. Se alquila local para restaurante de segunda generación en el corazón de South Beach, ubicado en la esquina de Washington Avenue y la calle 12. Este local listo para operar se encuentra en una zona de alto tránsito y está completamente equipado con cocina profesional, bar, baños y comedor, lo que lo convierte en una oportunidad ideal para franquicias consolidadas o conceptos gastronómicos innovadores. No se requiere traspaso y el depósito de seguridad es reembolsable (50.000 dólares). El alquiler incluye todos los gastos de operación, sin cargos ocultos, y los aumentos anuales se ajustan a los promedios del mercado, sin tarifas abusivas. El propietario y la administración de la propiedad son muy flexibles y buscan específicamente operadores con experiencia. Para facilitar su negocio, hay estacionamiento adicional disponible en la parte trasera de la propiedad durante el horario residencial. También estamos dispuestos a explorar opciones con la Ciudad de Miami Beach con respecto a la posibilidad de terraza y servicio de valet parking. El anterior inquilino de "Nathans" está abierto a considerar una posible asociación con un nuevo operador si existe interés mutuo en colaborar.
- 1st Floor
- 1,594 SF
- Office
- -
- Now
- 2nd Floor
- 770 SF
- Office
- -
- Now
| Space | Size | Space Use | Position | Available |
| 1st Floor | 2,038 SF | Office | - | Now |
| 1st Floor | 1,594 SF | Office | - | Now |
| 2nd Floor | 770 SF | Office | - | Now |
1st Floor
| Size |
| 2,038 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size |
| 1,594 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
2nd Floor
| Size |
| 770 SF |
| Space Use |
| Office |
| Position |
| - |
| Available |
| Now |
1st Floor
| Size | 2,038 SF |
| Space Use | Office |
| Position | - |
| Available | Now |
Second-generation Restaurant space for lease in the heart of South Beach, located on Washington Avenue & 12th Street. This turnkey location is situated in a high-traffic area and comes fully equipped with a professional kitchen, bar, restrooms, and a dining area, making it an ideal opportunity for established franchises or unique dining concepts. There is no key money required, and the security deposit is refundable, $50,000. Our asking rent is all-inclusive of operating expenses with no hidden fees, and annual increases are structured according to standard market averages rather than aggressive rates. The landlord and property management are highly accommodating and specifically seeking experienced operators. To support your business, additional parking is available at the rear of the property during residential hours. We are also prepared to explore options with the City of Miami Beach regarding outdoor seating and valet parking services. The previous tenant of "Nathans" is open to discussing a potential partnership with a new operator if there is mutual interest in collaborating. Se alquila local para restaurante de segunda generación en el corazón de South Beach, ubicado en la esquina de Washington Avenue y la calle 12. Este local listo para operar se encuentra en una zona de alto tránsito y está completamente equipado con cocina profesional, bar, baños y comedor, lo que lo convierte en una oportunidad ideal para franquicias consolidadas o conceptos gastronómicos innovadores. No se requiere traspaso y el depósito de seguridad es reembolsable (50.000 dólares). El alquiler incluye todos los gastos de operación, sin cargos ocultos, y los aumentos anuales se ajustan a los promedios del mercado, sin tarifas abusivas. El propietario y la administración de la propiedad son muy flexibles y buscan específicamente operadores con experiencia. Para facilitar su negocio, hay estacionamiento adicional disponible en la parte trasera de la propiedad durante el horario residencial. También estamos dispuestos a explorar opciones con la Ciudad de Miami Beach con respecto a la posibilidad de terraza y servicio de valet parking. El anterior inquilino de "Nathans" está abierto a considerar una posible asociación con un nuevo operador si existe interés mutuo en colaborar.
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 02-4203-009-0060 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $10,815,706 |
PROPERTY TAXES
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1200-1210 Washington Ave, Miami Beach
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