220 Espanola Way - Storefront FOR SALE


Miami Beach, FL 33139
$14,000,000 USD
917-312-2219
220 Espanola Way, Miami Beach, FL for Sale
$14,000,000 USD
Storefront - FOR SALE
1/10
null | 5.79% Cap Rate

220 Espanola Way
Miami Beach, FL 33139


HIGHLIGHTS

  • Irreplaceable Gateway Corner, of EspañolaWay and Washington Avenue
  • Stabilized In-Place Core + Retail Investment in South Beach
  • Strong Retail Corridor on a Growth Trajectory
  • New Leases with a QualityMerchandising Plan Tailored to the Submarket
  • Below Market Average Lease Rates

OVERVIEW

DWNTWN Realty Advisors has been exclusively retained to sell this retail investment at 1441 Washington Avenue, a prime multitenant property located at the corner of Washington Avenue and Española Way in South Beach, Miami. Fully leased to established tenants such as Willie’s Chicken, The Vendome Group, La Leggenda Pizzeria, and Serendipity3, the property includes entitlements allowing 5 AM operations in Vendome’s space. With new leases in-place, this stabilized investment offers long-term cash flow, a highprofile corner location, and a well-curated tenant mix tailored to the submarket. The property is a 17,324 SF Art Deco building, designed by William F. Simpson in 1938, is steps from the beach, Ocean Drive, and Collins Avenue. Fully leased to established tenants such as Willies Chicken, The Vendome Group, La Leggenda Pizzeria, and Serendipity3, the property includes entitlements allowing 5 AM operations in Vendome’s space. With new leases in-place, this stabilized investment offers long-term cash flow, a high-profile corner location, and a well-curated tenant mix tailored to the submarket.

FOR SALE DETAILS

PRICE

$14,000,000 USD

PRICE/SF

$699 USD /SF

CAP RATE

5.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1938

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

10,890 SF

ZONING

CD-2 COMMERCIAL, MEDIUM

APN/PARCEL ID

02-3234-013-0040

ASK ABOUT THIS PROPERTY

Devlin MarinoffDWNTWN Realty AdvisorsMore Info
917-312-2219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Devlin MarinoffDWNTWN Realty AdvisorsMore Info
917-312-2219

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.