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1200 Washington Ave 30,874 SF 100% Leased Retail Building Miami Beach, FL 33139 $14,900,000 ($482.61/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
Apex Capital Realty is pleased to present 1200 Washington Avenue, a prime two-story mixed-use asset totaling approximately 30,000 square feet in the heart of South Beach. The property features a strong historical occupancy profile with notable tenants including Toni’s Sushi, Chase Bank, and executive office users, and benefits from recent capital
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.
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
Sale Type
Investment
Property Type
Building Size
30,874 SF
Year Built
1947
Price
$14,900,000
Price Per SF
$482.61
Cap Rate
3.46%
NOI
$515,856
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.60
Lot Size
0.44 AC
Zoning
CD-2
Walk Score®
Walker's Paradise (98)
Bike Score®
Very Bikeable (76)
NEARBY MAJOR RETAILERS
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1200 Washington Ave
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