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1200 Washington Ave, Miami Beach FL 33139

Commercial Active With Contract
$14,899,999

BTC: 228.59771402

ETH: 7,831.22345793

-$1 (2026/01/23)
84 days
0 room(s)

Overview

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.

Location

Details

Type:
Commercial Sale
Parking:
Other
Year Built:
1947
Lot:
19250 Square Feet
Heating:
No Data
Price/sqft:
No Data
Cooling:
No Data
HOA:
No Data

Valuation

Our model vs. what's actually selling nearby.
Estimate
$2,200,000
$1.2M – $6.4M
Confidence Low
List vs. estimate
$12.7M above estimate
List $14,899,999 · +577.3%
Our model says this listing is priced above recent comparable activity. Room to negotiate.
Based on
9 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $269K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$212,265
All facts and features
  • Parking

    • Other

    Lot

    • Lot: 19250 Square Feet

    Other Property Information

    • Parcel Number: 02-42-03-009-0060

    • Zoning: CD-2

  • Type and style

    • Property Type: Commercial Sale

    • Property Sub Type: Retail

  • Other financial information

    • Annual tax amount: $212,265

  • Source details

    • MLS ID: A11936251

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: APEX Capital Realty LLC