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. Currently leased with a yearly net income of $216,000. The corner space (washington & 8th street) is operated as a grocery store, and the other spaces are combined operating a restaurant/bar. All nnn-leases with low cost to the landlord. All tenants are stable, profitable and willing to remain onsite. Building is located in a highly visible corner-lot along washington ave, steps to ocean drive and lincoln road. All spaces are located on the ground-level for the royal south beach condo-hotel. Property passed 40-yr recertification. The 50-yr recertification engineering study just completed (see mls attachments). Kindly contact the listing agent to schedule a showing and do not disturb the onsite businesses.
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*Private Mortgage Insurance - included if downpayment is less than 20% of mortgage.
**Monthly payment - a sum of Principle, Interest, PMI, Tax, Insurance.
| Name | Address | Type | # of Students | Grades | Distance |
|---|---|---|---|---|---|
| Miami Beach South Pointe Elementary School | 1050 4TH ST | public | 490 | PK - 5 | 0.49 mi |
| Miami Beach Feinberg/fisher K-8 | 1420 WASHINGTON AVE | public | 842 | PK - 8 | 0.55 mi |
| Fisher Island Day School | 2 FISHER ISLAND DR | private | 126 | PK - 8 | 1.24 mi |
| Rasg Hebrew Academy | 2400 PINE TREE DR | private | 592 | PK - 12 | 1.7 mi |
| St Patrick School | 3700 GARDEN AVE | private | 297 | PK - 8 | 2.32 mi |
| Tree Of Knowledge Learning Academy | 2220 NE 203RD TER | private | 125 | 4 - 12 | 2.34 mi |
| North Beach Elementary School | 4100 PRAIRIE AVE | public | 937 | PK - 5 | 2.51 mi |
| Temple Beth Sholom Innovative School | 4144 CHASE AVE # 6 | private | 47 | PK - 4 | 2.53 mi |
| Miami Children's Museum Charter School | 980 MACARTHUR CSWY | public | 309 | KG - 5 | 2.7 mi |
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