605 Lincoln RdMiami Beach, FL 33139

Property Details for 605 Lincoln Rd

Year built

1932

Property size (Sq ft)

3,310 SF

Zone code

6600:COMMERCIAL,LIBERAL

Property type

Retail properties

Property subtype

Retail space

APN

02-3234-168-0010

APU

232341680010

Description

This exceptional 80,546-square-foot office space is available for lease, starting February 1st, 2025. Located at 605 Lincoln Road #460 in Miami Beach, Florida (zip code 33139), this single-tenant property is situated within a renowned Art Deco Streamline Modern building. The seven-story building features a total of one suite, offering a blend of private offices, open workspaces, and dedicated conference areas, perfect for a large organization or a company seeking expansive space. The property's prime location places it within easy walking distance of the newly renovated Miami Beach Convention Center, the New World Symphony, City Hall, numerous hotels, and a variety of popular restaurants. Three parking garages are conveniently located within a one-block radius, ensuring ample parking for employees and clients. The rental price includes utilities such as electricity, water, trash removal, and cleaning services, along with on-site property management. The building offers 24-hour access, providing flexibility and convenience for occupants. The property's APN is 02-32-34-168-0250 and is zoned 6600. This is a unique opportunity to secure a prominent office space in a highly desirable Miami Beach location.

• CAP approach

  CAP return

  Valuation

  6%

  $4,200,964

  6.5%

  $3,877,813

  7%

  $3,600,826

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,193,512

  Geo Method

  $3,193,512

• Alternative Use

  Use

  Valuation

  Residential

  $3,271,080

  Hospitality

  $2,996,292

  Educational

  $2,492,880

  Medical

  $2,578,614

  Retail

  $3,877,813

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7909

Longitude

-80.1345

CBSA code

33100

CBSA name

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

Property Tax & Assessments

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