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Iconic Retail Space on Lincoln
For Lease
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1601 Drexel Ave, Miami Beach, FL

Flagship retail opportunity in prime Miami Beach location.

Space SizeContact for details
Property Size17,918 SF
Lot Size1.55 Acres
Days on Market877

Property Features for 1601 Drexel Ave

General Information

Standard status Active
Size 17,918 SF
Lot size 1.55 Acres
Property subtype RETAIL
Listing Agency: Avenue Real Estate Partners
Listed By: Aaron Butler
Source: Moodyscre
Added: Mar 11, 2024 Changed: Jul 6 Last Checked: Jul 21 at 5:22AM

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 Avenue Real Estate Partners

Investment Insights

Based on property information with market context.

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.

Key Highlights

  • 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

Property Analytics

Current Use

Retail space

Suggested Use

Top Pick Butcher Pet Grooming Service Plumbing Service Nursing Home (Bike/Boat/Book/etc) Store Veterinary Clinic

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

7,032
Businesses Nearby

Market

Lease Benchmarks for Miami Beach, FL

$57.24 /SF/Yr
Avg Asking Price
$13.83–$85 /SF/Yr
Price Range
4,492 SF
Avg Space Size

Vacancy Rate% for Retail in South region

7% 2020
6.2% 2021
5.1% 2022
4.8% 2023
4.9% 2024
5.4% 2025
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Frequently Asked Questions

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 Call to check price and availability
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