81 Washington Ave
Miami Beach, FL 33139
81 Washington Ave · Retail Property For Sale

The Capital Markets Group of Cushman & Wakefield of Florida, LLC has been retained by the Owner as the exclusive agent and advisor for the sale of 81 Washington Avenue (“81 Washington” or the “Property”), a generational opportunity for an investor or owner/user to acquire an architecturally distinctive mixed use building with redevelopment and assemblage potential in the exclusive South of Fifth Street (“SoFi”) neighborhood in world famous South Beach. The iconic art deco inspired boutique property boasts a prime hard corner location on the southeast corner of prestigious Washington Avenue and 1st Street within steps of Miami Beach’s famous sandy beaches, nightlife, ultra luxury condominiums, and nationally acclaimed restaurants such as Joe’s Stone Crab. Developed in 1938 and substantially renovated in 2012, the 14,211 SF, three story property features a fully built out restaurant with kitchen on the ground floor; private dining rooms and prep kitchens on the 2nd floor; and a beautifully built out penthouse office with inviting balconies on the 3rd floor. The gated property also features six private parking spaces and a landscaped outdoor patio which lends an intimate outdoor dining experience for restaurant uses. While most recently utilized for restaurant and office uses, the existing structure and flexible underlying mixed CPS-1 zoning allow for a range of uses including creative office, retail, residential, and hospitality. This offering represents a rare, “pride-of-ownership” opportunity to acquire trophy real estate in an incomparable, world class location which truly epitomizes live-work-play. Additionally, the Property could potentially be strategically assembled with 65-75 Washington Avenue, a 26 unit condo project to the south, expanding the redevelopment footprint to 0.61 acres.