Office – 10,033 SF in Miami Beach, FL – Prime Location with High Ceilings and 9%+ Cap Rate
Commercial Sale
Category: Office
Price:$4,500,000
Location: Miami Beach, FL
Year Built: 1932
Days on Market: 3
Description:
605 Lincoln Road is a boutique office building located in the heart of South Florida’s premier outdoor shopping, dining, and entertainment destination. The 5th-floor office condo being offered for sale features the following: • 10,033 SF full floor with high ceilings and abundant natural light • 18 private offices including 2 executive suites • Projected Pro-Forma Cap Rate 9%+ • The elevator opens directly into the private reception area • A flexible single-tenant floor plan that can be easily converted for multi-tenant use •Directly down the block from the approved convention center hotel with approved plans for 800-rooms. • Parking spaces available from the City of Miami Beach in the adjacent parking garage.
Prime office location with high ceilings, 18 private offices, 9%+ Cap Rate, elevator opening into reception, flexible floor plan.
Listing Code: 1108969200