Commercial Sale · Retail
1323 Washington Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active198 days on marketListed Feb 1, 2026MLS #A11984338
About this property
The property at a glance
Washington Avenue presents a prime opportunity featuring both a second-generation restaurant space and a complementary retail unit in a highly trafficked corridor. The landlord has commenced plans to renovate the building façade, enhancing curb appeal and overall visibility for both spaces. The property benefits from a short walk to major Miami Beach destinations including Lincoln Road and Española Way, drawing consistent tourist and local foot traffic. Surrounded by a strong mix of residential buildings and hotels, the location offers steady all-day and evening customer demand. Positioned along a major thoroughfare, the site provides excellent exposure along with prominent branding and signage opportunities for both restaurant and retail users.
9,266
Building sq ft
$0
Price / sq ft
13,000
Lot sq ft
1936
Year built
6400
Zoning
Retail
Property type
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
$160/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 Erwin 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 1323 Washington Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$6,500
1427 Alton Rd # 1427B, Miami Beach FL 33139
Sold Aug 18, 2024
$1,950,000
927 Jefferson Ave, Miami Beach FL 33139
Sold Oct 7, 2024
$6,700
1800 Sunset Harbour Dr # J, Miami Beach FL 33139
Sold Sep 26, 2024
Your team
The pros in your corner
Your agent
Erwin Vazquez
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 1323 Washington Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 1323 Washington Ave.
See it in person
Schedule a tour
Live availability from Erwin's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Upside Partner, LLC. · Danniel Gerchakov. MLS #A11984338.
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®.
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