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    1601 Drexel Ave Miami Beach, FL 33139

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    For Lease
    Contact for pricing

    Flagship retail opportunity in prime Miami Beach location.

    Property size:
    17,918 SF
    Lot size:
    1.55 Acres

    Property Features for 1601 Drexel Ave

    General Information

    Size
    17,918 SF
    Lot size
    1.55 Acres

    Source: Avenue Real Estate Partners Agent Aaron Butler

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Iconic Retail Space on Lincoln

    This retail space, located in the iconic 420 Lincoln building, offers a flagship opportunity. The property features multi-level space plan configurations. It provides signage and branding opportunities on Lincoln Road and Drexel Avenue. Drexel Avenue is undergoing a James Corner-designed pedestrian-only transformation. A parking garage is located on site. The property is steps away from Lincoln Road, fast fashion retailers, and hotel row on Collins Avenue. The property has a size of 17918 square feet.
    Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Dental Office Spa & Massage Restaurant Hair Salon Realty agency Nail Salon Building Supply Daycare Center Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami Beach
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.13271
    Latitude
    25.788959

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    FAQs

    What type of property is this?
    Retail space - Flagship retail opportunity in prime Miami Beach location.
    Where is this retail space located?
    The property is located at 1601 Drexel Ave Miami Beach, FL.
    What are key features of this property?
    This property features: - Incredible signage and branding opportunity on Lincoln Road and Drexel Avenue; - Flagship retail opportunity at the iconic 420 Lincoln Building; - Steps away from Lincoln Road, fast fashion retailers, and hotel row on Collins Ave
    (305) 397-8012
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    1601 Drexel Ave Miami Beach, FL 33139
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    Miami Beach, FL 33139
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1601 Drexel Ave Miami Beach, FL 33139
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