Listing Agency: Newmark | Miami i***@facommercial.com Show Phone

Listed By: Griffin Garroway · License #3045634 Show Phone

Source: Moodyscre

Added: Nov 10, 2025 Changed: Jul 6 Last Checked: Jul 21 at 4:38AM

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Investment Insights

Based on property information with market context.

This retail space, encompassing 5587 square feet, offers a range of amenities including a full-time dedicated concierge, security, and valet service. Ample parking is available. The property features a private event space, conference room, and podcast room, along with a café and food delivery service. Additional amenities include a speakeasy, spa, meditation room, fitness center, and biohacking room. The delivery date is to be arranged, and the agreement type is a signed exclusive pending.

Key Highlights

• Full‑time dedicated concierge, security, and valet for your convenience.
• Stay fit in the fitness center & biohacking room.
• Relax and rejuvenate in the spa and meditation room.

Property Analytics

Property Profile

Current Use

Retail space

Suggested Use

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

7,628

Businesses Nearby

Explore this area Business Placement

Market

Lease Benchmarks for Miami Beach, FL

$56.47 /SF/Yr

Avg Asking Price

$13.83–$85 /SF/Yr

Price Range

7,094 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 - Retail space with concierge, valet, spa, and fitness center.

Where is this retail space located?

The property is located at 1691 Michigan Ave Miami Beach, FL.

What are key features of this property?

This property features: Full‑time dedicated concierge, security, and valet for your convenience.; Stay fit in the fitness center & biohacking room.; Relax and rejuvenate in the spa and meditation room.