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Price: Call!!!

For Sale

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1568 Washington Ave., Miami Beach, FL

Description

1568 Washington Ave., Miami Beach, FL

A development site in the Flamingo/Lummus neighborhood of South Beach hit the market, and could sell for at least the mid-$30 million range, according to the listing brokerage.

The site includes seven multifamily and retail buildings on 1.4 acres at the southwest corner of Washington Avenue and 16th Street in Miami Beach. It includes 98 apartments and about 10,600 square feet of retail across 13 spaces, for a total of almost 64,000 rentable square feet.

The unpriced portfolio was built over 40-plus years by the owner, according to a release. The seven buildings are owned by Gladisco Inc., headed by Roberto Datorre, records show. The buildings date back as early as the 1920s.

Notable tenants include the Chalan on the Beach restaurant, the Bikini Chic swimwear store and a cyber cafe.

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