Commercial Industrial – 1323 WASHINGTON AVE, Miami Beach-001-11-30T00:00:00-05:00
9087 + – square feet On South Beach main corridor of Washington Ave. This site is currently 100% leased. Diverse Mix of 6 retail tenants, Three of which are month-to-month long term tenants. Other three tenants have long term lease with 3% annual increases b

1323 WASHINGTON AVE, Miami Beach

$8,500,000 USD
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Address1323 WASHINGTON AVE, Miami Beach
Type of BusinessRetail Space, Shopping Center
Price$8,500,000
Previous Price$9,500,000 (60 days ago)
Property StatusActive
MLS NumberA10683515
Property Size13000
Lot Size13000
Year Built1936
Folio Number02-32-34-008-0960
Zoning Information6400
Days on Market430

Detailed Description: 9087 + – square feet On South Beach main corridor of Washington Ave. This site is currently 100% leased. Diverse Mix of 6 retail tenants, Three of which are month-to-month long term tenants. Other three tenants have long term lease with 3% annual increases built in. All tenants NNN. One of the most coveted retail locations on South Beach. Excellent CAP RATE with room for improvement. This is a rare opportunity. Seller demands strict confidentiality and that we do not disturb or alarm the Tenants with any indication that property is for sale, so NDA is required before sharing full data. SELLER SAYS SELL! Bring offers! Seller willing to hold paper.

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Address Information
StateFlorida
CityMiami Beach
CountyMiami-Dade County
Zip Code33139
Address1323 WASHINGTON AVE
Section34
Zip Code (4 Digits)4211
Financial Information
Price$8,500,000
Price per Foot$0
Previous Price$9,500,000
Folio Number02-32-34-008-0960
Tax Amount$104,870
Possession InformationFunding
Full Descriptions
Detailed Description9087 + – square feet On South Beach main corridor of Washington Ave. This site is currently 100% leased. Diverse Mix of 6 retail tenants, Three of which are month-to-month long term tenants. Other three tenants have long term lease with 3% annual increases built in. All tenants NNN. One of the most coveted retail locations on South Beach. Excellent CAP RATE with room for improvement. This is a rare opportunity. Seller demands strict confidentiality and that we do not disturb or alarm the Tenants with any indication that property is for sale, so NDA is required before sharing full data. SELLER SAYS SELL! Bring offers! Seller willing to hold paper.
Year Built DescriptionNew Construction
Property parameters
Living Area13000
Lot Size13000
Total Acreage0.000
Zoning Information6400
Maximum Leasable Size13000
Year Built1936
Type of BusinessRetail Space, Shopping Center
Construction TypeConcrete Block Construction
Stories Number1
Listed withFinite Real Estate Corp