- – beds
- – baths
- – sqft
- 12,000 sqft lot
- – on site
Great opportunity to acquire 4 ground-level commercial spaces totaling over 7,800 sq. ft. of income-producing or future re-development. Currently leased with a Yearly NET Revenue of $216,000. Operating as a grocery store and a restaurant/bar. Perfectly situated along Washington Ave, in a corner lot, just steps from Ocean Drive and Lincoln Road. I also have for sale, under a separate listing, 33 (out of 42-total) fully equipped condo-studios located above the subject commercial spaces, operated (hotel style) as short-term nightly-rentals. Bundle both listings and become majority-owner of this unique condo-hotel to pursue your dreamed future re-development. Building passed its 40-Yr recertification. Contact the listing agent to schedule a showing and DO NOT disturb the businesses onsite.
Last checked:
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Last updated Jun 29, 2025
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MLS# A11830965 —
Financial & Terms
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Lease Considered:false
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Possession:CloseOfEscrow
The Property
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Property Type:Land
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Property Subtype:Commercial
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Property Subtype Additional:Commercial
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Zoning Description:6400
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Parcel Number:02 42 03 270 0430
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Additional Parcels:02-4203-270-0450,02-4203-270-0460
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Current Use:Other
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# of Lots:4
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Lot Size Area:12000.0
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Lot Size Acres:0.28
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Lot Size SqFt:12,000 Sqft
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Lot Size Dimensions:110x115
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Lot Size Units:SquareFeet
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Waterfront:false
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Road Responsibility:PublicMaintainedRoad
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Road Surface Type:Paved
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Road Frontage Type:MainThoroughfare
Listing Agent
- Contact info:
- Agent phone:
- (786) 306-7965
- Office phone:
- (305) 407-1657
Taxes
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Tax Year:2024
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Tax Annual Amount:$20,650
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Tax Legal Description:ROYAL SOUTH BEACH CONDO UNIT CU-1 UNDIV 3454/20383 INT IN COMMON ELEMENTS OFF REC 21561-4692
The Listing
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Virtual Tour Unbranded:
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Ownership:Corporation
Utilities
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Utilities:Other
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Sewer:PublicSewer
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Water Source:Public
The Community
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Subdivision Name:Royal South Beach Condo
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
6/29/25
Jun 29, 2025
|
Listed / Active | MLSM | $3,900,000 |