861 Washington Avenue is a prime investment opportunity just two blocks from Ocean Drive and Miami Beach’s iconic shoreline. Built in 1937, this 14,188-square-foot property on a 6,500-square-foot lot operates as a 28-room hostel with en-suite bathrooms and includes four fully leased retail spaces—Pizza Rustica, Sobe Tattoo, Aladdin’s Smoke Shop, and Wireless Miami Group— under NNN leases, ensuring stable cash flow.