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Property profile & analytics
OFF-MARKET Estimated value $24,695,000
Office buildings

1674 Meridian Ave Miami Beach, FL 33139-2801

33,584 SF 0.19 ac lot Built 1959
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US19-0699157
Property summary
AI-generated overview

This stunning, five-story Class A office building at 1674 Meridian Ave in Miami Beach, Florida (33139), offers 32,015 square feet of meticulously renovated space. Built in 1959 and extensively renovated in 2022, the property boasts a modern glass façade, a new lobby, updated common areas and restrooms, modernized elevators, a new roof, and a new cooling tower. A nearly $3.5 million investment has transformed this building, resulting in a fresh, contemporary feel. The 6,708 square feet of currently vacant space is available in multiple configurations ranging from 780 to 3,774 square feet, perfect for a variety of businesses. Each floor features new HVAC systems installed within the last five years, ensuring optimal climate control. Tenants enjoy abundant natural light thanks to new floor-to-ceiling impact-resistant windows and high ceilings. The building's column-free design maximizes usable space. The location is unparalleled, just one block from Lincoln Road Mall, placing tenants within minutes of the Miami Beach Convention Center, The Fillmore, New World Symphony, and Soundscape Park. Numerous amenities are nearby, including Lincoln Eatery, Starbucks, and over 3,500 parking spaces in three nearby garages. The building provides 24-hour access and is situated in a vibrant arts and entertainment district. With a 3:1,000 parking ratio, ample parking is readily available. This is a truly exceptional opportunity to secure premium office space in the heart of Miami Beach.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 1959
Construction CONCRETE
Total area 33,584 SF
Lot 0.19 ac (8,250 SF)
Zoning code 6600:COMMERCIAL,LIBERAL
APN 02-3234-007-0580
UPID US19-0699157
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
$24.70M
Owner & transaction history
Meridian 1674 LLC · 4 yrs held
Meridian 1674 LLC
since 2021
Last sale
$26.5M
6 recorded transactions
2021
$26.5M
2019
$10.1M
2016
$48.8M
2004
$7.5M
2000
$3.8M
1969
Price N/A
Zoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FL
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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