Interior
- Bathrooms
- 0
Active · Commercial
$9,900,000
1543 Washington Ave, Miami Beach, FL 33139
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1946
- Lot size
- 17,500 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
SOUTH BEACH DEVELOPMENT OPPORTUNITY Unique opportunity to acquire possibly the last remaining privately-owned vacant lots on Washington Avenue. This is the only vacant parcel of land for sale on Washington Avenue. 17,500 square feet of land on two lots with 100 feet of prime frontage on this major South Beach commercial corridor. Great investment opportunity! As a result of zoning changes designed to revitalize this major north/south corridor, Washington Avenue has benefited from new mixed-use hotel projects over the past few years with more developments and improvements in the pipeline. Flexible CD-2 zoning allows for hotel, multifamily, retail, restaurant, and other commercial uses. Be a part of this exciting transformation in the heart of South Beach!
Property location
Get Directions1543 Washington Ave, Miami Beach, FL 33139
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Facts & features
Exterior & Structure
- Property type
- Commercial
- Year built
- 1946
- Lot size
- 17,500 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A12029333
- 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
-$19,376
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $46,931/mo
- Down payment
- $2,475,000
- Loan amount
- $7,425,000
- Annual NOI
- $330,660
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.