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Property profile & analytics
OFF-MARKET Estimated value $2,540,000
Retail space

1300 Lincoln Rd C-1A Miami Beach, FL 33139-2264

3,770 SF Built 1966
Entity Owned 15-yr Hold
Property ID
US18-1992755
Property summary
AI-generated overview

This exceptional investment opportunity presents a 1966-built, 10-story apartment building located at 1300 Lincoln Road #1B, Miami Beach, Florida 33139, within Miami-Dade County. The property, identified as LINCOLN TOWERS CONDO, is offered at $850,000 and encompasses a ground floor storefront retail space. The building itself is a single structure, offering high visibility and significant foot traffic due to its prime Lincoln Road location in the heart of South Beach. Currently vacant, this unit presents a unique opportunity for owner-occupancy, allowing a business to establish a presence in a highly desirable area. Alternatively, the space is well-suited for leasing to generate rental income, providing a strong investment return. The property's classification includes both retail and multifamily designations, reflecting its versatile potential. Its strategic location ensures consistent exposure to a large and diverse customer base, making it an attractive proposition for a variety of retail or office businesses. The property's vacant status allows for immediate customization and occupancy, minimizing delays for prospective buyers. This is a rare chance to acquire a well-positioned commercial property in one of Miami Beach's most sought-after locations. Don't miss this chance to own a piece of South Beach's vibrant commercial landscape.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1966
Total area 3,770 SF
Zoning code 4000:MULTI-FAM,63-100 U/A
APN 02-3233-059-0550
UPID US18-1992755
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.54M
Owner & transaction history
Lincoln West Realty INC · 15 yrs held
Lincoln West Realty INC
since 2011
2 recorded transactions
2011
$850,000
1969
Price N/A
Zoning & alternative use
4000:MULTI-FAM,63-100 U/A · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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