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    1600 Lenox Ave Miami Beach, FL 33139

    Sponsored
    For Sale
    $17,000,000

    Iconic Miami Beach storefront, high-income potential.

    Property size:
    6,790 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional investment opportunity presents a 6,790 square foot freestanding corner storefront located at 1600 Lenox Avenue in Miami Beach, Florida, 33139. Zoned CD-2, this 7,500 square foot lot boasts a prime location steps from Lincoln Road, Regal South Beach, the Colony Theatre, and numerous hotels. The property is currently occupied by long-term, secured tenants including Yardbird Southern Table & Bar, The Abbey Brewing Co., and Suviche, ensuring a strong and stable income stream. This iconic trophy asset represents a unique chance to acquire a highly visible and desirable retail property in one of Miami Beach's most sought-after areas. Its strategic position between Lincoln Road and Alton Road provides unparalleled accessibility and exposure to a large volume of foot traffic and tourists. The asking price for this exceptional investment is $17,000,000. This is a rare opportunity to own a piece of Miami Beach's vibrant and thriving retail landscape. Don't miss this chance to secure a truly remarkable investment property.

    Property Features for 1600 Lenox Ave

    General Information

    Property type
    Individual retail properties
    Square Feet
    6,790 SF

    HighLights

    • Freestanding corner building available for purchase.
    • Highly desirable, landmark property.
    • Strong tenant roster including Yardbird, The Abbye Brewing Co., and Suviche.
    • Prime South Beach location near Lincoln Road Mall, Regal Cinema, Colony Theatre, and numerous hotels.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage 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
    -80.1401542
    Latitude
    25.7890916

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    FAQs

    What type of property is this?
    Individual retail property - Iconic Miami Beach storefront, high-income potential.
    Where is this individual retail property located?
    The property is located at 1600 Lenox Ave Miami Beach, FL.
    What is the asking price?
    The asking price for this property is $17,000,000.
    What are key features of this property?
    This property features: Freestanding corner building available for purchase.; Highly desirable, landmark property.; Strong tenant roster including Yardbird, The Abbye Brewing Co., and Suviche.
    Request Owner's contact information
    1600 Lenox Ave Miami Beach, FL 33139
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    Miami Beach, FL 33139
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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
    1600 Lenox Ave Miami Beach, FL 33139
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