Commercial Sale · Restaurant/Entertainment
538 Meridian Ave, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active116 days on marketListed Apr 21, 2026MLS #A12005121
About this property
The property at a glance
Commercial space in a prime location, half a block from Fifth Street (Miami Beach) on Meridian Avenue, in the heart of Miami Beach. Located on the ground floor of an aparthotel with 12 fully equipped 2BR/2BA units and 80% annual occupancy, ensuring consistent customer flow. Delivered equipped as is for food and beverage use, including a grease trap, refrigerators, microwave ovens, an orange juice extractor, 5 tables, a storage area, and a bathroom (included in rent). Turnkey operation. High pedestrian and vehicle traffic area, surrounded by shops, restaurants, and year-round tourism. Ideal for cafés, juice bars, takeout, or similar concepts.
7,000
Building sq ft
$1
Price / sq ft
7,000
Lot sq ft
2019
Year built
6503
Zoning
Restaurant/Entertainment
Property type
The numbers
Investment snapshot
1 To 3 Year Lease
Lease term
Estimated payment (illustrative)
Estimated payment
$182/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 Kemarie 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 538 Meridian Ave
The most comparable commercial properties that changed hands nearby. No two are identical — ask us for a full comparative analysis.
$27,000
447 Espanola Way, Miami Beach FL 33139
Sold Feb 11, 2025
$7,999
1040 Alton Rd, Miami Beach FL 33139
Sold Sep 23, 2025
$265,000
1223 Lincoln Rd, Miami Beach FL 33139
Sold Oct 15, 2025
Your team
The pros in your corner
Your agent
Kemarie Johnson
Real Estate Agent · CENTURY 21 Edge
Tours, offers, and every question about 538 Meridian Ave — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 538 Meridian Ave.
See it in person
Schedule a tour
Live availability from Kemarie's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of InvesTeam Realty · Laura Parra Lopez. MLS #A12005121.
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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