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28275742
28275744

1680 Michigan Ave, Miami Beach, FL 33139

RB
FL SL3594018
ONE Commercial Real Estate
Listed by ONE Commercial Real Estate
$2,895,000
208 days on market
Updated 107 days ago

1680 Michigan Ave, Unit 736 A-B-C, Miami Beach, FL 33139

Details
Property Type Office
Sub Type Executive Office, Traditional Office
Square Footage 2,613
Cap Rate 5.61%
NOI $162,344
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2028
Remaining Term 2.6
Pro-Forma Cap Rate 6.00%
Price per SqFt $1,108
Class A
Year Built 1974
Year Renovated 2017
Stories 7
Sale Condition For sale by owner

Office | 5.61% CAP | 2,613 SqFt

Marketing description

Spectacular Class A Office Space – South Beach, Miami

Prime Location: Half block from Lincoln Road, Miami Beach, FL
Available Space: 2,613 RSF + 750 SF Private Terrace (Total 3,363 SF)

Property Highlights:

  • Recently renovated with modern, high-end finishes

  • 3 private offices with flexible layout options

  • Floor-to-ceiling windows with abundant natural light

  • Private terrace perfect for meetings or events

  • Concierge desk in lobby

  • On-site parking: 6 spaces available ($200/month or $35,000 purchase)

Investment Highlights:

  • Leaseback with tenant occupying entire space until 2028

  • Guaranteed 5.6% CAP Rate in 2025 → 6% CAP Rate by 2028

  • Ideal for owner-users or investors

Location: Steps from Lincoln Road’s shopping, dining, and entertainment, with easy access to major roads and public transportation.

📞 Contact me today for details or a private tour!

Investment highlights

Solid Turnkey Investment – South Beach Office Space

  • Prime Location: Half block from Lincoln Road, Miami Beach, FL

  • Private 750 SF Terrace: Perfect for meetings, events, or relaxation

  • Expansive Floor-to-Ceiling Windows: Flooding the space with natural light

  • Fully Equipped & Remodeled: All furniture included for turnkey use

Listing Contacts

RB
FL SL3594018
ONE Commercial Real Estate
Listed by ONE Commercial Real Estate

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$162,344.00
$13,528.67/mo

Valuation Metrics

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DSCR
5.61%
Cap Rate
5.61%
ROI

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Additional Information

Name
Rachel Bennett
License
SL3594018
Brokerage
ONE Commercial Real Estate
Brokerage Phone
3059304915
Title
Agent
Brokerage Address
3550 Mary Street
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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