Trophy Lincoln Road Retail Building FOR SALE | 298 Lincoln Rd
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Trophy Lincoln Road Retail Building FOR SALE 298 Lincoln Rd
8,533 SF Vacant Retail Building Miami Beach, FL 33139 For Sale
Investment Highlights
- Heavy foot traffic
- In the center of $2 billion dollars worth of new development
- Recently acquired 40 year recertification
- High barrier to entry market with lower price point
Executive Summary
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 Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
8,533 SF
Building Class
C
Year Built
1947
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Building FAR
1.96
Lot Size
0.10 AC
Zoning
CD-3 - Commercial
Parking
3 Spaces (0.35 Spaces per 1,000 SF Leased)
Frontage
40 FT on Lincoln Rd
Amenities
- Air Conditioning
Space Availability
- Space
- Size
- Space Use
- Position
- Available
| Space | Size | Space Use | Position | Available |
| 1st Floor | 764-3,920 SF | Retail | In-Line | Now |
| 2nd Floor | 740-3,886 SF | Retail | In-Line | Now |
| 3rd Fl | 693 SF | Retail | In-Line | Now |
1st Floor
| Size |
| 764-3,920 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
2nd Floor
| Size |
| 740-3,886 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
3rd Fl
| Size |
| 693 SF |
| Space Use |
| Retail |
| Position |
| In-Line |
| Available |
| Now |
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3D TOUR
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STREET VIEW
STREET
MAP
1st Floor
| Size | 764-3,920 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
1 of 1
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3D TOUR
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STREET VIEW
STREET
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2nd Floor
| Size | 740-3,886 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
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3D TOUR
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STREET VIEW
STREET
MAP
3rd Fl
| Size | 693 SF |
| Space Use | Retail |
| Position | In-Line |
| Available | Now |
Walk Score®
Walker's Paradise (96)
Bike Score®
Very Bikeable (79)
Nearby Major Retailers
PROPERTY TAXES
| Parcel Number | 02-3234-019-0870 | Improvements Assessment | $4,204 |
| Land Assessment | $1,600,000 | Total Assessment | $1,604,204 |
PROPERTY TAXES
Parcel Number
02-3234-019-0870
Land Assessment
$1,600,000
Improvements Assessment
$4,204
Total Assessment
$1,604,204
1 of 7
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
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Trophy Lincoln Road Retail Building FOR SALE | 298 Lincoln Rd
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