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$3,900,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Royal South Beach Condo
MLS Listing ID A11830965
HOA Y/N No
Annual Tax Amount $20,650
Tax Year 2024
Lot Size 0.280 Acres
Acres 0.28
Lot Dimensions 110x115
Property Sub-Type Commercial
Property Description
Great opportunity to acquire 4 ground-level commercial/retail spaces totaling over 7,800 sq. ft. with a yearly NET Revenue of $216,000, operating as a grocery store and a restaurant/bar. Situated along Washington Ave, in a corner lot that is just steps to the beach and Lincoln Road. The hotel units located above these retail spaces also for sale under separate listing (33 out of 42 units, fully equipped studios with no rental restrictions). Acquire both listings and become the majority-owner of the building. Ideal opportunity for hotel operators, developers or to enhance a short-term rental portfolio. Review listing attachments, and please DO NOT disturb the businesses onsite.
Location
State FL
County Miami-dade
Community Royal South Beach Condo
Area 42
Direction Located on Washington Avenue.
Exterior
Utilities Available Other
Present Use Other
Private Pool Yes
Building
Lot Description <1 Acre
Sewer Public Sewer
Water Public
Others
Tax ID 02-42-03-270-0430
Ownership Corporation
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11830965
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Listed by Best of Luxury Realty Corp.