South Beach Turnkey Office
For Sale
$2,899,000
1680 Michigan Ave, Miami Beach, FL 33139
Fully equipped, remodeled Class A office space in South Beach.
Property Size2,613 SF
Price / SF$1,109
Days on Market100
Property Features for 1680 Michigan Ave
General Information
Standard status
Active
Size
2,613 SF
Property subtype
Commercial
Listing Agency:
One Sothebys International Realty
(305) 930-4915
Listed By:
Rachel Bennett · License #3594018
(305) 930-4915
Source:
Elliman
Added: Apr 24
Changed: Jul 10
Last Checked: Aug 1 at 4:25AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of One Sothebys International Realty
Investment Insights
Based on property information with market context.
This is a Class A office space located a half block from Lincoln Road in Miami Beach, Florida. The property offers a solid investment opportunity with a guaranteed 5.6% CAP Rate and a 6% PRO-FORMA Cap Rate, indicating strong and stable cash flow. The available space measures 2,613 RSF (2,182 SF per tax roll) with an additional 750 SF private terrace, totaling 3,363 SF. The office space is fully equipped and remodeled, with all furniture included for turnkey use. The location is considered a Walker's Paradise with a walkScore of 95, Very Bikeable with a bikeScore of 77, and has Good Transit with a transitScore of 59, making it ideal for investors.
Key Highlights
- Guaranteed 5.6% CAP Rate (6% PRO‑FORMA): Ensures strong and stable cash flow.
- Premium South Beach Location: Half block from Lincoln Road.
- Turnkey, Fully Equipped & Remodeled Office Space: Includes all furniture.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
7,628
Businesses Nearby
Explore this area
Business Placement
Demographics for 33139, FL
36,286
Population
30,166
Households
1.2
Avg Household Size
43
Median Age
53%
College-Educated
89%
High-School Grad
2.8 sq mi
ZIP Area
12,959
Density / Sq Mi
$63,368
Median Household Income
$48,608
Median Earnings
$1,745
Median Rent
$480,500
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Fully equipped, remodeled Class A office space in South Beach.
Where is this office units located?
The property is located at 1680 Michigan Ave Miami Beach, FL.
What is the asking price?
The asking price for this property is $2,899,000.
What are key features of this property?
This property features: Guaranteed 5.6% CAP Rate (6% PRO‑FORMA): Ensures strong and stable cash flow.; Premium South Beach Location: Half block from Lincoln Road.; Turnkey, Fully Equipped & Remodeled Office Space: Includes all furniture.
