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    1680 Michigan Ave Miami Beach, FL 33139

    For Sale
    $950,000

    Prime Miami Beach Showroom, Newly Renovated

    Property size:
    1,250 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 1,250 square foot showroom, located at 1680 Michigan Ave #918 in Miami Beach, Florida, presents a unique investment opportunity. Priced at $950,000, this special purpose property boasts a highly desirable location directly on Lincoln Road, offering unparalleled visibility and foot traffic. Situated on the ninth floor, the space provides expansive views of the city. The property, built in 1974, has undergone recent renovations, resulting in a modern and updated interior. A key feature is the inclusion of an in-suite bathroom, enhancing convenience and privacy. The listing encompasses two integrated office spaces, units 916 and 918, offering flexibility and potential for expansion or subdivision. The property's proximity to high-end retailers, including the Apple Store, further underscores its prime location and potential for strong returns. This is an exceptional opportunity to acquire a well-located, renovated commercial space in the heart of Miami Beach's vibrant Lincoln Road shopping district. The property is located in Miami-Dade County, Florida, zip code 33139.

    Property Features for 1680 Michigan Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,250 SF

    Building Details

    Year Built
    1974
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Showrooms

    Suggested Use

    Law Firm Dental Office Spa & Massage Realty agency Restaurant Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

    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
    -80.139256
    Latitude
    25.791632

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    FAQs

    What type of property is this?
    Individual retail property - Prime Miami Beach Showroom, Newly Renovated
    Where is this individual retail property located?
    The property is located at 1680 Michigan Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $950,000.
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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
    1680 Michigan Ave Miami Beach, FL 33139
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