1216 Washington AVE, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active253 days on marketListed Dec 8, 2025MLS #A11927378
About this property
The property at a glance
Second-generation Restaurant space for lease in the heart of South Beach, located on Washington Avenue & 12th Street. This turnkey location is situated in a high-traffic area and comes fully equipped with a professional kitchen, bar, restrooms, and a dining area, making it an ideal opportunity for established franchises or unique dining concepts. There is no key money required, and the security deposit is refundable $50,000. Our asking rent is all-inclusive of operating expenses with no hidden fees, and annual increases are structured according to standard market averages rather than aggressive rates. The landlord and property management are highly accommodating and specifically seeking experienced operators. To support your business, additional parking is available at the rear of the property during residential hours. We are also prepared to explore options with the City of Miami Beach regarding outdoor seating and valet parking services. The previous tenant of "Nathans" is open to discussing a potential partnership with a new operator if there is mutual interest in collaborating. HD Video available upon request, call us at any time, WE PICK UP!
0
Lot sq ft
The numbers
Investment snapshot
Income and lease details aren’t published in the MLS for this listing. Ask for the offering memorandum and rent roll to run cap rate, NOI and cash-on-cash.
Estimated payment (illustrative)
Estimated payment
$231/mo
Illustrative only. Commercial loans are underwritten on the property’s income (DSCR, cap rate) — typically 25–35% down with lender-set terms. Ask a commercial lender for real numbers. Estimates only — taxes at 1.1%/yr and typical insurance; your lender’s numbers will differ. CENTURY 21 Edge partners with Florida’s best lenders.
Financing
Commercial financing works differently from a home loan — expect roughly 25–35% down with terms driven by the property’s income and your lender’s underwriting (DSCR, cap rate), not FHA or VA programs. Ask Yumiko to connect you with a commercial lender for real numbers.
Where it sits
Location & trade area
What’s nearby
Business data © OpenStreetMap contributors
The area
Who's around this property
23,083
Population
$70,404
Median income
41
Median age
2
Avg household
$377,608
Median home value
$1,724/mo
Median rent
1,591
Households w/ kids
Consumer profile
The party don't stop until the sun comes up. Loud music, crowds, and shots are a recipe for a great night out for these people.
Interested in the finer things life has to offer, this population wants to display their lifestyle by discussing luxury products. Often references jewelry, cars, and home features.
Driven to succeed in the business world, this population seeks to progress in their career through networking happy hours, summits, and connecting with other professionals online.
You can find these people researching an upcoming exhibit at the natural history museum or learning about a famous monument. This population enjoys learning about the past.
This population is all about finding the latest in men's style - from fashion to grooming. Captures guys looking to stay on trend and significant others assisting with shopping.
Movie buffs and binge watchers expressing their love for movies, storytelling, and the film making process.
Recent sales
What actually sold near 1216 Washington AVE
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$1,855,000
841 W 40th St, Miami Beach FL 33140
Sold Nov 21, 2025
$46
410 W 41st St # 403, Miami Beach FL 33140
Sold Oct 1, 2025
$155,000
1200 West Ave, Miami Beach FL 33139
Sold Apr 17, 2026
Your team
The pros in your corner
Your agent
Yumiko Sugawara
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1216 Washington AVE — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1216 Washington AVE.
See it in person
Schedule a tour
Live availability from Yumiko's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Real Estate Sales Force · Antonio Cristobal. MLS #A11927378.
IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by Miami Association of REALTORS®.
Never miss a listing
New MIAMI BEACH listings, in your inbox
A daily digest of every new listing in MIAMI BEACH — straight from the MLS, hours after it goes live. Unsubscribe anytime.