For Sale
$950,000

1688 Michigan AveMiami Beach, FL 33139

Luxury Office Suites, Lincoln Road

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional investment opportunity presents two contiguous Class A office condos, units 916 and 918, totaling 1,370 square feet of net rentable space within a prestigious 11-story building at 1680 Michigan Avenue, Miami Beach, FL 33139. Located directly across from the Apple Store on Lincoln Road, this property boasts an unparalleled location. The units, situated on the 9th floor, offer expansive city views. Recently renovated in 2018, these creative/executive office spaces feature their own bathroom suites. Built in 1974, the building is zoned for commercial use (Com). The property is currently vacant, presenting an immediate opportunity for occupancy. This condo offers a 5% cap rate and is an ideal investment for high-profile tenants. On-site parking is available. The asking price is $950,000. This is arguably one of the best locations in the United States for a commercial office space. The listing includes two units and features a net rentable area between 550 and 750 square feet per unit.

Highlights

  • Two contiguous Class A office condos totaling 1,370 square feet of net rentable area.
  • Located across from the Apple Store on Lincoln Road, Miami Beach.
  • Recently renovated in 2018, with private bathrooms in each unit.
  • 9th-floor location offering expansive city views.
  • Asking price: $950,000, offering a 5% cap rate.
  • On-site parking available.

Property Details for 1688 Michigan Ave

Property type
Office properties, Office space
Square Feet
550 SF
Class
A
Year Built/Renovated
1974/2018
Buildings
1
Stories
11
Units
2

Location Insight

City
Miami Beach
County
Miami-Dade
State
Florida
Latitude
25.7918829
Longitude
-80.138931
1688 Michigan Ave, Miami Beach, Florida

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1688 Michigan Ave
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