1200 Washington Avenue

For Sale

1200 Washington Ave

1200 Washington Avenue 1200 Washington Ave

City:Miami Beach

Land area:19,250 SF

Property Status: For Sale

Adriano Salucci adriano@apexcapitalrealty.com

Price $14,899,999

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Property Summary

Occupancy: 87.25%

Zoning: CD-2

Net Operating Income: $515,856

Year Built: 1947

Gross Annual Income: $831,372.67

Type of Ownership: Fee-Simple

Weighted Average Lease Term: 22.32 months

Description 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.

Lot & Building Size Breakdown:

Lot Size: 0.44 Acres

Building Size: 28,491 SF

Property Highlights

Prime South Beach location on the revitalized Washington Avenue corridor

Redevelopment upside supported by CD-2 zoning and recent density increases

Strong visibility & traffic with exceptional walkability (97 Walk Score)

Immediate parking access via adjacent municipal garage

Surrounded by major new investment driving long-term value

Details Property size: 30,874 SF Property Status: For Sale Property Type: Mix-Use Land Area: 19,250 SF Year Built: 1947

Address City: Miami Beach State/country: FL

Documents Property Brochure download

Listing Agents

Adriano Salucci Vice President, Investment Sales

(305) 340-3584 adriano@apexcapitalrealty.com

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1200 Washington Avenue 1200 Washington Ave Mix-Use Adriano Salucci 2 months ago $14,899,999