$13,194

1216 Washington AVE, Miami Beach, FL 33139

On market
290 days on market
MLS #
A11927378

Second-generation Restaurant space for lease in the heart of South Beach, located on Washington Avenue & 12th Street. This turnkey location is situated in a high-traffic area and comes fully equipped with a professional kitchen, bar, restrooms, and a dining area, making it an ideal opportunity for established franchises or unique dining concepts. There is no key money required, and the security deposit is refundable $50,000. Our asking rent is all-inclusive of operating expenses with no hidden fees, and annual increases are structured according to standard market averages rather than aggressive rates. The landlord and property management are highly accommodating and specifically seeking experienced operators. To support your business, additional parking is available at the rear of the property during residential hours. We are also prepared to explore options with the City of Miami Beach regarding outdoor seating and valet parking services. The previous tenant of "Nathans" is open to discussing a potential partnership with a new operator if there is mutual interest in collaborating. HD Video available upon request, call us at any time, WE PICK UP!

The MiamiLi Read

The lines below are derived automatically from this listing’s own data and the area’s recorded deed transfers. They are not a personal opinion or investment advice.

  • Position in the area’s price distributionThe asking price is $13,194; the median of recorded sales in the area is $585,000 (2,214 sales). On raw price that is 98% below the median — this line does NOT adjust for property type or size.

How to read this comparison: the figure on the left is an asking price, while the one on the right is a closed sale median — the two are not the same thing, and the room to negotiate sits inside that gap. The median covers every property type and size in those ZIP codes; it carries no adjustment for a single listing’s floor, view, age or finishes. This box is not an appraisal.

Scope: ZIP codes 33139, 33140, 33141 · arm’s-length sales recorded by the Miami-Dade County Property Appraiser.

Monthly mortgage payment

Estimated monthly loan payment based on this listing's price. Adjust the down payment, rate and term to match your own terms.

30%$3,958
Term

6.95% — Freddie Mac PMMS (FRED) current mortgage rates, 30-year fixed, conforming. Priced September 17, 2026.

Estimated monthly payment$61
Loan amount
$9,236
Total interest over the term
$12,773
Total repaid
$22,009

Principal and interest only; property tax, insurance and HOA dues are NOT included. This is not a binding offer.

Real Estate Sales Force

Listing data provided by the Southeast Florida MLS (MIAMI REALTORS®) IDX feed. Copyright Southeast Florida Multiple Listing Service © 2026. Accuracy of listing information is not guaranteed. Listing information is provided for personal consumer, non-commercial use, solely to identify potential properties for potential purchase. All other use is strictly prohibited.

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