764 Washington Ave, Miami Beach FL 33139, Miami Beach, FL 33139
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About This Property
Offering 4 commercial-retail ground-level spaces (CU-1-2-3-4). Totaling over 7,800 sq. ft. of income-producing retail businesses in the heart of South Beach's Hotel District. All spaces are currently leased with a yearly NET Income of $216,000. Currently the corner space is operated as a grocery store, and the other spaces are combined operating a restaurant/bar under Triple-Net leases (landlord's cost is minimal). All long-term tenants willing to continue at this location. This property is located in a highly visible corner-lot along Washington Ave, steps to Ocean Drive and Lincoln Road. These commercial spaces are on the ground-level for the Royal South Beach Condo-Hotel, which passed the 40-Yr recertification and the 50-Yr recertification Engineering Study was just completed. See MLS attachments. Please contact the listing agent to schedule a showing and DO NOT disturb the onsite operating businesses.
Listed 26.7% below estimated market value — $1,436,992 under comps. Strong value.
Address
Closed
Price
Beds
Baths
Sqft
vs Ask
302 W San Marino Dr, Miami Beach FL 33139
SAN MARINO ISLAND · 1935
$11,300,000
May 26, 2026
$13,900,000
$3,556/sf
3
3
3,178
-18.7%
1000 S Pointe Dr # 3501, Miami Beach FL 33139
MURANO AT PORTOFINO CONDO · 2002
$10,300,000
May 15, 2026
$10,950,000
$3,061/sf
3
4
3,365
-5.9%
5825 Alton Rd, Miami Beach FL 33140
LA GORCE GOLF SUB · 2025
$4,700,000
May 15, 2026
$4,950,000
$1,321/sf
6
5
3,559
-5.1%
400 Alton Rd # 3503, Miami Beach FL 33139
MURANO GRANDE AT PORTOFIN · 2003
$5,750,000
May 14, 2026
$6,150,000
$1,751/sf
3
4
3,284
-6.5%
4445 N Michigan Ave, Miami Beach FL 33140
NAUTILUS EXTENSION 4TH · 1948
$2,619,000
May 13, 2026
$3,900,000
$918/sf
3
2
2,852
-32.8%
3651 Collins Ave # 800, Miami Beach FL 33140
BEACH HOUSE 8 CONDO · 2016
$7,650,000
May 11, 2026
$7,995,000
$2,022/sf
3
4
3,783
-4.3%
4485 N Jefferson Ave, Miami Beach FL 33140
NAUTILUS EXTENSION 5TH · 1947
$2,825,000
Apr 27, 2026
$3,590,000
$758/sf
4
4
3,727
-21.3%
1244 MICHIGAN AVE, Miami Beach FL 33139
County records · 1936
$1,900,000
Mar 10, 2026
—
$577/sf
4
3
3,295
—
5055 N Bay Rd, Miami Beach FL 33140
LA GORCE GOLF SUB · 2000
$4,325,000
May 18, 2026
$4,800,000
$1,087/sf
5
3
3,980
-9.9%
100 E Dilido Dr, Miami Beach FL 33139
DI LIDO ISLAND · 1938
$4,750,000
May 14, 2026
$5,350,000
$1,222/sf
4
5
3,886
-11.2%
$4,750,000
Median Sale
$6,024,333
Trimmed Avg
$1,743/sf
Avg $/sqft
9 sales
Comps Found
Comp data from Miami MLS. Estimate is automated and does not account for condition, upgrades, or lot features. For a full CMA, contact Dayron Crespo, Broker.
