605 Lincoln is part of Lincoln Road Mall, which is the most heavily traveled pedestrian street in Florida and one of Miami Beach's most popular tourist and local destinations due to the block after block of retail, restaurants and entertainment. Lincoln Road is one of the most expensive retail corridors in the United States with rents among the highest in the world.

Next to 605 Lincoln Road, there are public parking garages with a combined 2,010 spaces. The building is just blocks from the Miami Beach Convention Center, which is undergoing a $615 million renovation.

The convention center will have 505,000 square feet of exhibit space, a newly added 60,000 square foot ballroom, three 20,000 square foot glass rooftop junior ballrooms, 59,000 square feet of breakout meeting spaces, 806 on-site rooftop parking spaces and 12 acres of surrounding parks.

MIAMI—In a rare South Beach opportunity, the entire fifth floor of the former Sony building on Lincoln Road is up for grabs. Marcus & Millichap investment broker Alex Zylberglait just listed over 10,000 rentable square at 605 Lincoln Road at $5.475 million. (Recently, South Beach saw an office building trade for $80 million).

Compass and Starbucks are among the building's existing tenants. In 2005, owners renovated the fifth floor, which is full built-out with views of both Lincoln Road and Pennsylvania Avenue. The office property has undergone significant upgrades including impact windows, upgraded lighting and modernized systems.

With limited office inventory in an area with extremely high demand for office, Zylberglait believes investors and owner-users will seek to snap up the asset. “605 Lincoln Road is one of the world's most desirable addresses,” Zylberglait tells GlobeSt.com. “It is rare to have the opportunity to buy an entire floor in an office building on Lincoln Road. The space is ideal for a company that wants to have a presence in Miami Beach as an end-user or as an investor looking to invest in a well-established market.”

The office building offers an open floor plan, which allows for a range of uses and easy reconfiguration. The high-profile office building offer professional curb appeal, ample parking, and visibility. The current owner rents parking spaces from the city in adjacent lots. (There's a challenge for luxury retail developers in Miami.)

605 Lincoln is part of Lincoln Road Mall, which is the most heavily traveled pedestrian street in Florida and one of Miami Beach's most popular tourist and local destinations due to the block after block of retail, restaurants and entertainment. Lincoln Road is one of the most expensive retail corridors in the United States with rents among the highest in the world.

Next to 605 Lincoln Road, there are public parking garages with a combined 2,010 spaces. The building is just blocks from the Miami Beach Convention Center, which is undergoing a $615 million renovation.

The convention center will have 505,000 square feet of exhibit space, a newly added 60,000 square foot ballroom, three 20,000 square foot glass rooftop junior ballrooms, 59,000 square feet of breakout meeting spaces, 806 on-site rooftop parking spaces and 12 acres of surrounding parks.