1216 Washington AVE, Miami Beach, FL 33139 — MLS photo

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1216 Washington AVE, Miami Beach, FL 33139

Active · BusinessOpportunity

$13,194

1216 Washington AVE, Miami Beach, FL 33139

Beds
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Baths
0
Living area
— sq ft
$ / sq ft
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Year built
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Lot size
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HOA fee
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About this property

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!

Property location

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1216 Washington AVE, Miami Beach, FL 33139

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Facts & features

Interior

Bathrooms
0

Exterior & Structure

Property type
BusinessOpportunity

Parking

Not provided in the MLS listing.

HOA, Community & Financials

County
Miami-Dade
MLS listing ID
A11927378
Listing status
Active

Investment intelligence

Yield & ROI calculator

Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$118

Cap rate
-5.0%
Net yield
-5.0%
Cash-on-cash return
-38.3%
Gross yield
6.6%
Mortgage payment
$63/mo
Down payment
$3,299
Loan amount
$9,896
Annual NOI
-$663

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.