298 Lincoln Rd

298 Lincoln Road consists of a three-story commercial building totaling ±8,533 SF on a 4,000 SF parcel. The building includes a ±4,000 SF ground floor retail unit, a ±3,886 SF second floor unit, and a ±693 SF third floor unit. This unique property is located in a world-class, trophy location in the heart of South Beach, just one block west ofthe high-end hotel corridor on Collins Avenue.The pedestrian-friendly Lincoln Road District is one of themost prestigious retail corridors in the country, with some of the highest volumes of foot traffic, welcoming 11 million visitors in 2019. The site offers an unbeatable branding opportunity for leasing retail and office space, conveniently situated between Collins and Washington Avenue with irreplaceable Lincoln Road frontage. The property has favorable commercial zoning and includes an additional development opportunity by maximizing the allowable 2.75 floor area ratio (FAR) for a larger development. Surrounded by an abundance of hospitality, restaurants, and amenities, the area features numerous condominiums and high-end residential developments. There are over 8,000 hotel rooms within a five-minute walk of Lincoln Road and over 20,000 rooms servicing the greater Miami Beach area. This property offers a value-add opportunity for investors through renovation and long-term lease-up at market rates.