1685 Lenox Ave, Miami Beach, FL 33139
For Lease
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This exceptional redevelopment opportunity presents 50,000 square feet of vacant space on a 16,000 square foot lot ideally situated in Miami Beach's vibrant Lincoln Road submarket cluster. Located at 1685 Lenox Avenue, at the intersection of Lenox Avenue and 17th Street in Miami-Dade County, Florida (zip code 33139), this multiple-tenancy retail site offers unparalleled potential for a variety of uses. The property's prime location within a thriving commercial district ensures high visibility and accessibility, making it an attractive proposition for businesses seeking a strong foothold in a high-traffic area. The substantial vacant space allows for a build-to-suit project tailored to specific needs, offering flexibility in design and functionality. This presents a unique chance to create a landmark retail destination in one of Miami Beach's most sought-after locations. The property's size and location make it particularly well-suited for restaurants, health clubs, home furnishings stores, or other retail establishments seeking a prominent presence in this dynamic market. This is a rare chance to acquire a significant retail property in a highly desirable area of Miami Beach. The property is zoned for retail use.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
6600:COMMERCIAL,LIBERAL · Miami Beach, FLMiami Beach. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.