This stunning, five-story Class A office building at 1674 Meridian Ave in Miami Beach, Florida (33139), offers 32,015 square feet of meticulously renovated space. Built in 1959 and extensively renovated in 2022, the property boasts a modern glass façade, a new lobby, updated common areas and restrooms, modernized elevators, a new roof, and a new cooling tower. A nearly $3.5 million investment has transformed this building, resulting in a fresh, contemporary feel. The 6,708 square feet of currently vacant space is available in multiple configurations ranging from 780 to 3,774 square feet, perfect for a variety of businesses. Each floor features new HVAC systems installed within the last five years, ensuring optimal climate control. Tenants enjoy abundant natural light thanks to new floor-to-ceiling impact-resistant windows and high ceilings. The building's column-free design maximizes usable space. The location is unparalleled, just one block from Lincoln Road Mall, placing tenants within minutes of the Miami Beach Convention Center, The Fillmore, New World Symphony, and Soundscape Park. Numerous amenities are nearby, including Lincoln Eatery, Starbucks, and over 3,500 parking spaces in three nearby garages. The building provides 24-hour access and is situated in a vibrant arts and entertainment district. With a 3:1,000 parking ratio, ample parking is readily available. This is a truly exceptional opportunity to secure premium office space in the heart of Miami Beach.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$28,995,866
6.5%
$26,765,414
7%
$24,853,598
Comparable approach
Method
Valuation
Relative Method
$12,857,970
Geo Method
$12,857,970
Alternative Use
Use
Valuation
Residential
$33,189,114
Hospitality
$30,401,050
Educational
$25,293,316
Medical
$26,163,192
Retail
$39,345,160
Location Insight
City
Miami Beach
County
Miami-dade
State
Florida
Latitude
25.7916
Longitude
-80.1369
CBSA code
33100
CBSA name
MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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