For Sale
Request a price

298 Lincoln Rd Miami Beach, FL 33139

Iconic South Beach Mixed-Use Redevelopment

Overview

Added:
Dec 11, 2024
Days on market:
135
This ±8,602 square foot mixed-use retail/office building presents an exceptional redevelopment opportunity on Miami Beach's prestigious Lincoln Road. Boasting 40 feet of frontage on this world-class retail corridor, the property sits on approximately 0.10 acres and benefits from favorable CD-3 zoning with a 2.75 Floor Area Ratio (FAR), allowing for significant expansion and repositioning. Its prime South Beach location, just one block from the beach, places it amidst a vibrant mix of hotels, retail establishments, and entertainment venues, ensuring high foot traffic and strong demand. The surrounding area demonstrates robust demographics, with a 5-mile radius encompassing a median home value of $455,000, an average household income of $95,718, and approximately 236,878 residents. This presents investors with an unparalleled chance to capitalize on immediate value-add potential through repositioning and long-term lease-up at market rates. The property's location between Collins and Washington Avenues guarantees irreplaceable Lincoln Road frontage, making it a truly trophy asset in a dynamic and high-demand market. This is a rare chance to acquire a landmark property in one of the most sought-after locations in the country.

Highlights

  • ±8,602 SF mixed-use retail/office redevelopment opportunity on Lincoln Road, Miami Beach.
  • ±0.10-acre site with CD-3 zoning and 2.75 FAR, offering significant redevelopment potential.
  • 40' of Lincoln Road frontage in a premier retail corridor.
  • Prime South Beach location, one block from the beach, near hotels and entertainment.
  • Strong demographics: 5-mile radius has a $455K median home value, $95,718 average household income, and ±236,878 residents.

Property Details for 298 Lincoln Rd

Property type
Retail properties, Restaurants

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.790431
Longitude
-80.130773

FAQs

What type of property is this?
Retail property - Iconic South Beach Mixed-Use Redevelopment
Where is the retail property located?
The property is located at 298 Lincoln Rd Miami Beach, FL.
What are key features of this property?
This property features: ±8,602 SF mixed-use retail/office redevelopment opportunity on Lincoln Road, Miami Beach.; ±0.10-acre site with CD-3 zoning and 2.75 FAR, offering significant redevelopment potential.; 40' of Lincoln Road frontage in a premier retail corridor.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
298 Lincoln Rd
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message