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    1688 Meridian Ave Miami Beach, FL 33139

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    Prime South Beach Office Space - Short-Term Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    361
    This exceptional Class A office space, located at 1688 Meridian Ave #300 in South Beach, offers a fantastic sublease opportunity. The 2,703 square foot single-tenant suite is available for approximately two years at a below-market rate, presenting a significant cost advantage for a discerning tenant. The building itself has undergone recent renovations, ensuring a modern and well-maintained environment. Its prime South Beach location offers unparalleled convenience, with easy walking access to Lincoln Road and its vibrant atmosphere. The zoning designation is 6600. The property's APN is 02-32-34-007-0600. This is a single-suite office building within a larger complex. While the initial lease term is approximately two years, the landlord is prepared to negotiate a longer-term lease at the prevailing market rate upon the tenant's interest in extending their occupancy beyond the initial sublease period. This presents a unique opportunity to secure a highly desirable South Beach office space at a significantly reduced cost initially, with the potential for a long-term commitment at market rates. The property is ideal for businesses seeking a prestigious address and convenient location.

    Property Features for 1688 Meridian Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    300
    Size
    0 SF

    HighLights

    • Class A office space in South Beach, totaling 2,703 square feet.
    • Sublease opportunity for approximately two years at a below‑market rate.
    • Excellent South Beach location, walking distance to Lincoln Road.
    • Recently renovated building.
    • Landlord open to longer‑term lease at market rate after initial sublease expires.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Realty agency Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy

    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
    -80.1368681
    Latitude
    25.7917384

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    FAQs

    What type of property is this?
    Office Property / Space - Prime South Beach Office Space - Short-Term Lease
    Where is this office property / space located?
    The property is located at 1688 Meridian Ave Miami Beach, FL.
    What are key features of this property?
    This property features: Class A office space in South Beach, totaling 2,703 square feet.; Sublease opportunity for approximately two years at a below-market rate.; Excellent South Beach location, walking distance to Lincoln Road.
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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
    1688 Meridian Ave Miami Beach, FL 33139
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