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    1628 Michigan Ave Miami Beach, FL 33139

    For Lease
    $4 SF/Yr

    Prime Michigan Ave. Boutique Space

    Lot size:
    22,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 22,000 square foot single-tenant retail space presents a unique investment opportunity. Situated just one storefront away from the vibrant Lincoln Road, on Michigan Avenue, this property boasts a highly desirable location amongst prestigious neighbors including Apple, Nike, and Gap. The building, identified by APN 02-32-34-002-0070 and zoned 6600, offers a sophisticated aesthetic with high ceilings, abundant natural light, and polished terrazzo floors. Its single-suite configuration provides a streamlined and efficient layout, ideal for a variety of uses, from a flagship retail boutique to a high-end office space. The property's prime location ensures high visibility and foot traffic, capitalizing on the bustling energy of Lincoln Road's renowned shopping and entertainment district. This is an unparalleled chance to secure a prominent presence in one of South Florida's most sought-after commercial corridors. The building's size and location make it an exceptional opportunity for a discerning buyer seeking a high-impact retail or office space. The property is ready for immediate occupancy and offers a blank canvas for a creative and successful business venture. This is a rare opportunity to acquire a truly exceptional retail property in a coveted location.

    Property Features for 1628 Michigan Ave

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    22,000 SF

    Unit(s) available at that property

    Space
    Size
    22,000 SF
    Rate per SF
    $4

    HighLights

    • 22,000 square foot retail space.
    • Single‑tenant occupancy.
    • Located one block off Lincoln Road on Michigan Avenue, Miami Beach.
    • Prime location near high‑end retailers including Apple, Nike, and Gap.
    • Zoned 6600.
    • APN: 02‑32‑34‑002‑0070.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Spa & Massage Dental Office Hair Salon Realty agency Nail Salon Food Market Clothing Store Daycare Center

    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
    -80.1390175
    Latitude
    25.790056

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    FAQs

    What type of property is this?
    Retail property - Prime Michigan Ave. Boutique Space
    Where is this retail property located?
    The property is located at 1628 Michigan Ave Miami Beach, FL.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: 22,000 square foot retail space.; Single-tenant occupancy.; Located one block off Lincoln Road on Michigan Avenue, Miami Beach.
    Request Owner's contact information
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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
    1628 Michigan Ave Miami Beach, FL 33139
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