Royal South Beach Condo
$3,900,000
764 E Washington Ave, Miami Beach, FL 33139
Highlights:
- Lot Features: Beach Area, Central Business District, Corner Lot, 1-2.5 Acres
- Ownership: Corporation
Description:
Great opportunity to acquire 4 ground-level commercial spaces totaling over 7,800 sq. ft. of income-producing or future re-development. Currently leased with a Yearly NET Revenue of $216,000. Operating as a grocery store and a restaurant/bar. Perfectly situated along Washington Ave, in a corner lot, just steps from Ocean Drive and Lincoln Road. I also have for sale, under a separate listing, 33 (out of 42-total) fully equipped condo-studios located above the subject commercial spaces, operated (hotel style) as short-term nightly-rentals. Bundle both listings and become majority-owner of this unique condo-hotel to pursue your dreamed future re-development. Building passed its 40-Yr recertification. Contact the listing agent to schedule a showing and DO NOT disturb the businesses onsite.
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