298 Lincoln Rd, Miami Beach, FL 33139
8,533 SF | Vacant | Retail Building | Miami Beach, FL 33139 | For Sale
For Sale
Active
6 pictures
- Property Type
-
Retail
- Square Feet
- 8,533 SF
Listing Contacts
Jordan Gimelstein
- Property Info
Property Overview
298 Lincoln Road consists of a three-story commercial
building totaling ±8,533 SF on a 4,000 SF parcel. The
building includes a ±4,000 SF ground floor retail unit, a
±3,886 SF second floor unit, and a ±693 SF third floor unit.
This unique property is located in a world-class, trophy
location in the heart of South Beach, just one block west of
the high-end hotel corridor on Collins Avenue.
The pedestrian-friendly Lincoln Road District is one of the
most prestigious retail corridors in the country, with some
of the highest volumes of foot traffic, welcoming 11 million
visitors in 2019.
The site offers an unbeatable branding opportunity for
leasing retail and office space, conveniently situated
between Collins and Washington Avenue with
irreplaceable Lincoln Road frontage.
The property has favorable commercial zoning and
includes an additional development opportunity by
maximizing the allowable 2.75 floor area ratio (FAR) for a
larger development.
Surrounded by an abundance of hospitality, restaurants,
and amenities, the area features numerous condominiums
and high-end residential developments.
There are over 8,000 hotel rooms within a five-minute walk
of Lincoln Road and over 20,000 rooms servicing the
greater Miami Beach area.
This property offers a value-add opportunity for investors
through renovation and long-term lease-up at market
rates
building totaling ±8,533 SF on a 4,000 SF parcel. The
building includes a ±4,000 SF ground floor retail unit, a
±3,886 SF second floor unit, and a ±693 SF third floor unit.
This unique property is located in a world-class, trophy
location in the heart of South Beach, just one block west of
the high-end hotel corridor on Collins Avenue.
The pedestrian-friendly Lincoln Road District is one of the
most prestigious retail corridors in the country, with some
of the highest volumes of foot traffic, welcoming 11 million
visitors in 2019.
The site offers an unbeatable branding opportunity for
leasing retail and office space, conveniently situated
between Collins and Washington Avenue with
irreplaceable Lincoln Road frontage.
The property has favorable commercial zoning and
includes an additional development opportunity by
maximizing the allowable 2.75 floor area ratio (FAR) for a
larger development.
Surrounded by an abundance of hospitality, restaurants,
and amenities, the area features numerous condominiums
and high-end residential developments.
There are over 8,000 hotel rooms within a five-minute walk
of Lincoln Road and over 20,000 rooms servicing the
greater Miami Beach area.
This property offers a value-add opportunity for investors
through renovation and long-term lease-up at market
rates
Property Details
- Class
- C
- Year Built
- 1947
- Stories
- 3
- Property Subtype
- Storefront
- Lot Size (sq. ft)
- 4,356 SF
Highlights
- Heavy foot traffic
- Recently acquired 40 year recertification
- In the center of $2 billion dollars worth of new development
- High barrier to entry market with lower price point
All available spaces
- Space
- 1st Floor
- Size
- 7,643,920 SF
- Condition
- Partial Build-Out
- Space
- 2nd Floor
- Size
- 7,403,886 SF
- Condition
- Partial Build-Out
- Space
- 2nd Fl-Ste 3rd Fl
- Size
- 693 SF
- Condition
- Partial Build-Out
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