734 Lincoln RdMiami Beach, FL 33139

Property Details for 734 Lincoln Rd

Year built

1934

Construction

CONCRETE

Lot size

0.34 AC

Property size (Sq ft)

19,197 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Outlet malls

APN

02-3234-003-0040

APU

232340030040

Description

This exceptional three-story retail property, located at 734-744 Lincoln Road in the heart of Miami Beach's Lincoln Road Mall, presents a unique investment opportunity. The building boasts a total of 16,693 square feet, divided into three suites. Individual suites offer a minimum of 4,603 square feet, with a maximum contiguous space of 7,353 square feet, providing flexibility for various retail concepts. Situated at the intersection of Lincoln Road and Meridian Avenue, this property benefits from exceptional visibility and high pedestrian traffic, characteristic of the vibrant Lincoln Road Mall. The building is a three-story structure without elevators. This prime location within the highly sought-after Miami Beach submarket and Lincoln Road Mall cluster ensures consistent exposure to a large and diverse customer base. The property's strategic placement within the bustling commercial corridor of Lincoln Road makes it an ideal location for businesses seeking high visibility and foot traffic. This is a rare opportunity to acquire a well-positioned retail space in one of Miami Beach's most iconic and successful shopping destinations. The property's size and layout offer significant potential for a variety of retail uses.

• CAP approach

  CAP return

  Valuation

  6%

  $24,364,324

  6.5%

  $22,490,144

  7%

  $20,883,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $18,521,404

  Geo Method

  $18,521,404

• Alternative Use

  Use

  Valuation

  Residential

  $18,971,278

  Hospitality

  $17,377,590

  Educational

  $14,457,950

  Medical

  $14,955,181

  Retail

  $22,490,144

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7902

Longitude

-80.1363

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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