Mixed-Use – 30,000 SF in Miami Beach, FL – Redevelopment Potential with CD-2 Zoning

Category: Mixed-Use

Price:$14,900,000

Location: Miami Beach, FL

Year Built: 1947

Days on Market: 55

Description:

Pleased to present 1200 Washington Avenue, a prime two-story mixed-use asset totaling approximately 30,000 square feet in the heart of South Beach. The property features a strong historical occupancy profile with notable tenants including Toni’s Sushi, Chase Bank, and executive office users, and benefits from recent capital improvements, highlighted by a full roof replacement. Beyond its stable income profile, the property offers significant redevelopment potential through CD-2 zoning and newly approved density increases along the Washington Avenue corridor, positioning the site for mixed-use or residential expansion while retaining high-performing retail. Surrounded by major public and private investment, including the revitalization of Flamingo Park, new hospitality developments, and large scale projects such as Five Park and the Raleigh redevelopment, the property presents a rare opportunity for investors, developers, or end users seeking a high-visibility asset with meaningful long-term upside in one of Miami Beach’s most active commercial districts.

30,000 SF mixed-use asset on Washington Ave in South Beach with strong tenants, recent upgrades, and significant redevelopment upside.

Listing Code: 1149902443