Property profile

298 Lincoln Rd Miami Beach, FL 33139

OFF-MARKET
Retail residential properties
Property ID
US18-4357811
8,533 SF 0.09 ac lot Built 1947
Entity Owned 4-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This ±8,602 square foot mixed-use retail/office building presents an exceptional redevelopment opportunity on Miami Beach's prestigious Lincoln Road. Boasting 40 feet of frontage on this world-class retail corridor, the property sits on approximately 0.10 acres and benefits from favorable CD-3 zoning with a 2.75 Floor Area Ratio (FAR), allowing for significant expansion and repositioning. Its prime South Beach location, just one block from the beach, places it amidst a vibrant mix of hotels, retail establishments, and entertainment venues, ensuring high foot traffic and strong demand. The surrounding area demonstrates robust demographics, with a 5-mile radius encompassing a median home value of $455,000, an average household income of $95,718, and approximately 236,878 residents. This presents investors with an unparalleled chance to capitalize on immediate value-add potential through repositioning and long-term lease-up at market rates. The property's location between Collins and Washington Avenues guarantees irreplaceable Lincoln Road frontage, making it a truly trophy asset in a dynamic and high-demand market. This is a rare chance to acquire a landmark property in one of the most sought-after locations in the country.

Property profile

Verified
Property type Retail residential properties
Use group STORES & APARTMENTS
Year built 1947
Construction CONCRETE
Total area 8,533 SF
Lot 0.09 ac (4,000 SF)
Zoning code 6600:COMMERCIAL,LIBERAL
APN 02-3234-019-0870
UPID US18-4357811

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

298 Lincoln Rd Miami Beach, FL 33139-3117
Miami Beach metro Census 4205 MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.54M
CAP Approach CAP
$2.27M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.53M

Owner & transaction history

since 2022
Last sale
$3.8M
4 recorded transactions
2022
$3.8M
2018
Price N/A
2011
Price N/A
1969
Price N/A

Zoning & alternative use

6600:COMMERCIAL,LIBERAL · Miami Beach, FL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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