861 WASHINGTON AVE Miami Beach FL 33139-5802

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. The mixed use property is located on a high- profile corner at Washington Avenue and 9th Street - featuring two stories and a basement. The property benefits from over 15,400 cars passing daily – providing exceptional visibility. Featuring Art Deco charm, 861 Washington Drive provides unparalleled access to world- class dining, shopping, and entertainment. Its prime location offers a blend of strong income potential, exceptional exposure, and exciting opportunities for future redevelopment.