Pegasus Asset Management Inc. is proud to offer a premier generational leasing opportunity located at 222-226 Lincoln Road in Miami Beach, FL (the ‘Property’). The Property boasts prime frontage in the heart of South Beach, positioned in a trophy/flagship location for retailers in the heart of South Beach, just one block west of the high-end hotel corridor on Collins Avenue and in tourist central, with raising Cane’s as the block’s newest neighbor.
The pedestrian-friendly Lincoln Road District is considered one of the most prestigious retail corridors in the country, with some of the highest volumes of foot traffic welcoming roughly 11 million visitors annually. The site is surrounded by an abundance of hotels, restaurants, amenities, and numerous condominiums and high-end residential developments. The Property offers an unbeatable branding opportunity to lease retail, restaurant or office space conveniently located between Collins and Washington Avenue with an irreplaceable Lincoln Road address.
There are over 8,000 hotel rooms within a five-minute walk of Lincoln Road and over 20,000 rooms servicing greater Miami Beach. Additionally, the Convention Center Hotel has been recently approved and will be another critical traffic driver for Lincoln Road. The Property’s location further benefits from strong demographics with a population of ±250,000 and an average household income of $100,000 within a 5-mile radius.
The Offering is comprised of one two-story retail/office building totaling ±8,700 SF. The building has two ground floor retail spaces, Suite #222 measuring ±1,900 SF and Suite #226 measuring ±2,100 SF, both of which can be combined measuring a total of ±4,000 SF. Additionally, the building has a roughly ±4,733 SF second story plus potential for activating the rooftop that may be leased along with the ground floor or separately. The Property has favorable/flexible CD-3 zoning (Commercial High-Intensity District). Don’t miss this opportunity to plant your flag along prestigious Lincoln Road!
Andrew Cohen
Pegasus Investments
