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Art Deco Market & Guest Suites 1435 Washington Ave 9,800 SF 100% Leased Retail Building Miami Beach, FL 33139 $8,000,000 ($816.33/SF) 5.44% Cap Rate



Investment Highlights
- Flexible Investment Opportunity: Short-Term Rental or Multifamily Use
- Access & Connectivity
- South Beach Short-Term Rental Property
- Exceptional Demographics
Executive Summary
Horvath & Tremblay is pleased to present the exclusive sale of the Art Deco Market & Guest Suites (herein referred to as “the property”), an 8-unit Licensed Short Term Rental Property with ground floor retail located at 1435 Washington Avenue in the extremely rare and desirable South Beach neighborhood in Miami Beach. The property was constructed of concrete block in 1928, was renovated in 2025, and is situated on a 0.17-acre lot with street parking. The property is comprised of eight (8), 1-Bedroom/1 Bathroom units across 3,191 square feet of living area on the second floor, and a retail unit on the first floor that is fully leased to Art Deco Market with over 8 years of term remaining on the lease and attractive 2% annual rent increases. The Offering provides the unique opportunity to acquire a recently renovated, turn-key mixed-use property with multiple income streams in the heart of Miami Beach’s South Beach neighborhood. The property is ideally positioned along Washington Avenue in the heart of South Beach, just steps from world-renowned Ocean Drive and Collins Avenue, two of the area’s primary corridors known globally for their dense concentration of dining, nightlife, luxury retail, and entertainment. The property is within immediate walking distance to the Atlantic Ocean and Lummus Park, providing direct access to public beaches and Miami Beach’s iconic oceanfront. Situated in one of the most active and walkable neighborhoods in South Florida, the Property benefits from exceptional pedestrian traffic and proximity to Lincoln Road, Española Way, and a wide range of hospitality and lifestyle amenities. The location also offers convenient connectivity to major roadways including Alton Road (SR 907), MacArthur Causeway, and Julia Tuttle Causeway, linking South Beach to Downtown Miami, Brickell, and Interstate 95 for broader regional access.. The Art Deco Market & Guest Suites presents an investor the unique opportunity to acquire a well-located Licensed Short Term Rental Property with additional commercial income in one of the most highly desirable submarkets within Miami Beach. With significant redevelopment occurring in the immediate area in Miami Beach and the South Florida market overall, new ownership should be able to benefit from the area’s buoyant future both in terms of consistent rent growth and appreciation over the long term.
Property Facts
Sale Type
Investment
Property Type
Retail
Building Size
9,800 SF
Building Class
C
Year Built/Renovated
1928/2025
Price
$8,000,000
Price Per SF
$816.33
Cap Rate
5.44%
NOI
$434,833
Percent Leased
100%
Building Height
2 Stories
Building FAR
1.33
Lot Size
0.17 AC
Zoning
CD-2
Major Tenants
- Tenant
- Industry
- SF Occupied
- Rent/SF
- Lease End
- Art Deco Supermarket Inc
- Retailer
- -
- -
- -
| Tenant | Industry | SF Occupied | Rent/SF | Lease End | ||
| Art Deco Supermarket Inc | Retailer | - | - | - |
Exceptionally walkable
100/100
Fairly drivable
50/100
Good public transit
60/100
Very bikeable
80/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-3234-008-0870 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,233,499 |
Property Taxes
Parcel Number
02-3234-008-0870
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,233,499
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Art Deco Market & Guest Suites | 1435 Washington Ave
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