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1510 Washington Ave
Miami Beach, FL 33139 Flamingo

$1,953,000 USD

Storefront For Sale  •  1,320 SF

Property Details

  • Property Type Storefront
  • Total Building Size 1,320 SF
  • Lot Size 0.19 AC
  • Building Class B
  • Year Built 1924
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning CD-2
59 Transit Score
97 Walk Score

Highlights

Washington Avenue Net Leased Retail Condominium Market with Excellent Frontage and Recent Lease Renewal
New Five Year Lease Term Includes 5% Annual Base Rental Increases
Tenant has Occupied the Space Since 2017, Lease Requires Tenant to Reimburse for All Expenses
The Subject Property is Ideally Located Next Door to Multiple Residential and Hotel Properties Providing Constant Daytime
Located One Block North of World Famous Espanola Way Restaurant District and Just South of Courtyard By Marriot Hotel
Rare Rectangular Configuration with the Long Side Facing Washington Avenue Offers Frontage of Over 50 Feet with Excellent Visibility and Signage
Cap Rate: 6.00 %

Major Tenants

Tenant SF Occupied Lease End Date
MB Market 1,320 SF 11/20/2029

Amenities

  • Air Conditioning

Public Transportation

Commuter RailDriveWalkDistance
12 min - 5.7 mi
Historic Overtown/Lyric Theatre (Metrorail Green Line - Miami-Dade Transit (Metrorail/Metromover)) 13 min - 5.7 mi
AirportDriveWalkDistance
Miami International 30 min - 15.9 mi
Fort Lauderdale/Hollywood International 42 min - 27.2 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 6
Type: Surface
Included in Rent: Yes
Tricia Lim 786-522-7086 Marcus & Millichap
Tricia Lim 786-522-7086 Marcus & Millichap