Commercial Sale · Retail
764 Washington Ave # 4, Miami Beach FL 33139, MIAMI BEACH, FL, 33139
Active91 days on marketListed May 18, 2026MLS #A12020955
About this property
The property at a glance
Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail-businesses in the heart of South Beach's Hotel District. Currently leased with a yearly NET Income of $216,000. The corner space (Washington & 8th Street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All NNN-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. All spaces are located on the ground-level for the Royal South Beach Condo-Hotel. Property passed 40-Yr recertification. The 50-Yr recertification Engineering Study just completed (See MLS attachments). Kindly contact the listing agent to schedule a showing and DO NOT disturb the onsite businesses.
8,000
Building sq ft
$244
Price / sq ft
0.28
Lot acres
1
Building
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
$10,649/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. Taxes reflect the most recent bill on record; insurance is a typical-Florida estimate. 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 Solance 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 764 Washington Ave # 4
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
Solance Kallendorf
REALTOR® · CENTURY 21 Edge
Tours, offers, and every question about 764 Washington Ave # 4 — start here.
Financing contact
Andrew Acosta
Acosta Home Loans with PRMG · NMLS #1468866
Ask about commercial financing options for 764 Washington Ave # 4.
See it in person
Schedule a tour
Live availability from Solance's calendar — pick a time and it's booked.
Keep looking
Similar properties nearby
Listing courtesy of Best of Luxury Realty Corp. · Dennys Gonzalez. MLS #A12020955.
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.