1331 Washington Ave, Miami Beach, FL 33139 | MLS A10615228 | Listing Information | BHHS Florida Realty

1331 Washington Ave,  Miami Beach FL, 33139

Status: Active
MLS#: A10615228
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Last Updated: 2/16/2019 5:49 PM
Description for 1331 Washington Ave Miami Beach, FL 33139
APEX Capital Realty is pleased to present 1331 Washington Ave located in Miami Beach. The subject property consists of 4,300 SF of gross leasable space positioned on 6,500 square feet of land. The property, constructed in 1925, has been renovated throughout the years, most recently in 2013. The property is currently vacant. This presents an investor the opportunity to add-value by leasing and stabilizing the property. Retail market rents are nearing $50 p/ft NNN, creating a proforma yield of 7.17%. The property has received interest from national credit tenants to lease. Located in prime South Beach, the property is in one of the main arteries of Miami Beach. It is 1 block away from the famous Española Way and Lincoln Road.
Price
$3,000,000
Miami-Dade County
A10615228
Active
Description
APEX Capital Realty is pleased to present 1331 Washington Ave located in Miami Beach. The subject property consists of 4,300 SF of gross leasable space positioned on 6,500 square feet of land. The property, constructed in 1925, has been renovated throughout the years, most recently in 2013. The property is currently vacant. This presents an investor the opportunity to add-value by leasing and stabilizing the property. Retail market rents are nearing $50 p/ft NNN, creating a proforma yield of 7.17%. The property has received interest from national credit tenants to lease. Located in prime South Beach, the property is in one of the main arteries of Miami Beach. It is 1 block away from the famous Española Way and Lincoln Road.
Listing Information
Property Type: Other
1925
220v Service
Neighborhood
Room Information
Exterior / Lot Features
10 Parking Spaces,
None
Financial Considerations
02-32-34-008-0970
2018
Market Trends and Price History
Listing Price History

Miami Beach Real Estate

Miami Beach is located in Florida. Miami Beach, Florida 33139 has a population of 92,312.

The median household income in Miami Beach, Florida 33139 is $42,547. The median household income for the surrounding county is $43,099 compared to the national median of $53,482. The median age of people living in Miami Beach 33139 is 40.2 years.

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Courtesy: APEX Captial Realty LLC
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This content last refreshed on 2/16/2019 5:49 PM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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